Pennsylvania · statute · 72 Pa.C.S. · 9 active provisions
The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise: "Administrative entity." Any of the following: (1) An entity certified by the Pennsylvania Industrial Development Authority under 64 Pa.C.S. § 1123 (relating to…
An administrative entity may create a microenterprise loan program to assist start-up entrepreneurs and, to the extent possible, low-income individuals and diverse groups in the establishment of a microenterprise.
(a) General rule.--In addition to powers granted to an administrative entity in other laws, an administrative entity shall have the following powers necessary to operate a program: (1) To issue loans to microenterprises that will operate on property owned by the administrative entity and leased to the microenterprise.…
(a) General rule.--An administrative entity may acquire real property to lease to start-up entrepreneurs who receive a microenterprise loan under the program in the following manners: (1) An administrative entity may acquire real property by purchase contracts, lease purchase agreements, installment sales contracts and…
(a) General rule.--The administrative entity may receive funding through grants from: (1) The Federal Government. (2) The Commonwealth. (3) A municipality that created the administrative entity. (4) Private sources. (b) Revenue.--An administrative entity may receive and retain payments for services rendered, for rents…
A municipality and school district shall have the power and authority to grant property tax abatement, in accordance with this section, to properties leased to a microenterprise for one or more consecutive years and owned by an administrative entity. The following apply: (1) For the first, second and third years for wh…
(a) Loan issuance.-- (1) An administrative entity may issue a loan to a microenterprise that operates on property owned by the administrative entity within the program. (2) An administrative entity may partner with a private entity that issues microloans for the purpose of providing a loan under paragraph (1). (3) If a…
(a) Limitation on administrative cost.--The cost of administering a program may not exceed 10% of the program's operating budget. (b) Maintenance.--An administrative entity shall maintain all of its real property in accordance with the laws of this Commonwealth and ordinances of the jurisdiction in which the real prope…
(a) Public access to inventory.--An administrative entity shall maintain and make available for public review and inspection an inventory of real property held by the administrative entity for the program. (b) Power.--The administrative entity may convey, exchange, sell, transfer, lease, grant or mortgage interests in…