reglab/housing_qa huggingface dataset:
12 PA Cons Stat § 2901 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 12 - COMMERCE AND TRADE|Chapter 29 - Machinery and Equipment Loans|Section 2901 - Scope

§ 2901. Scope. This chapter relates to the Machinery and Equipment Loan Program.   Effective Date. Section 6(1)(i) of Act 12 of 2004 provided that section 2901 shall take effect upon publication of the guidelines required by section 2912.
12 PA Cons Stat § 2902 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 12 - COMMERCE AND TRADE|Chapter 29 - Machinery and Equipment Loans|Section 2902 - Definitions

§ 2902. Definitions. 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:  "Agent." The term includes the Department of Community and Economic Development.  "Authority." The Pennsylvania Industrial Development Authority organized and existing under the act of May 17, 1956 (1955 P.L.1609, No.537), known as the Pennsylvania Industrial Development Authority Act.  "Board." The board of directors of the authority.  "Business enterprise." A for-profit corporation, partnership or proprietorship. The term includes a medical facility.  "Farm commodity." Any Pennsylvania-grown agricultural, horticultural, aquacultural, vegetable, fruit and floricultural product of the soil, livestock and meats, wools, hides, furs, poultry, eggs, dairy products, nuts, mushrooms, honey products and forest products.  "Fund." The Machinery and Equipment Loan Fund created and established by this chapter.  "Medical facility." An entity licensed as a hospital under the act of June 13, 1967 (P.L.31, No.21), known as the Public Welfare Code, or the act of July 19, 1979 (P.L.130, No.48), known as the Health Care Facilities Act.  "Normal agricultural operation." The term shall have the same meaning as given to it in section 2 of the act of June 10, 1982 (P.L.454, No.133), entitled "An act protecting agricultural operations from nuisance suits and ordinances under certain circumstances."  "Production agriculture." The management and use of a normal agricultural operation for the production of a farm commodity.  "Program." The Machinery and Equipment Loan Program established under section 2903 (relating to establishment).  (Oct. 22, 2014, P.L.2569, No.161, eff. Nov. 1, 2014; June 22, 2017, P.L.202, No.7, eff. imd.)    2017 Amendment. Act 7 added the def. of "agent."  2014 Amendment. Act 161 added the defs. of "authority," "board" and "program."  Effective Date. Section 6(1)(i) of Act 12 of 2004 provided that section 2902 shall take effect upon publication of the guidelines required by section 2912.  References in Text. The short title of the act of June 13, 1967, P.L.31, No.21, known as the Public Welfare Code, referred to in the definition of "medical facility," was amended by the act of December 28, 2015, P.L.500, No.92. The amended short title is now the Human Services Code.
12 PA Cons Stat § 2903 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 12 - COMMERCE AND TRADE|Chapter 29 - Machinery and Equipment Loans|Section 2903 - Establishment

§ 2903. Establishment. There is established a program to be known as the Machinery and Equipment Loan Program. The program shall be administered by the authority and provide loans to business enterprises for machinery and equipment.  (Oct. 22, 2014, P.L.2569, No.161, eff. Nov. 1, 2014)   Effective Date. Section 6(1)(i) of Act 12 of 2004 provided that section 2903 shall take effect upon publication of the guidelines required by section 2912.  Cross References. Section 2903 is referred to in section 2902 of this title.
12 PA Cons Stat § 2904 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 12 - COMMERCE AND TRADE|Chapter 29 - Machinery and Equipment Loans|Section 2904 - Machinery and Equipment Loan Fund

 § 2904. Machinery and Equipment Loan Fund. (a) Creation.--There is created a special account in the Treasury Department, to be known as the Machinery and Equipment Loan Fund, to which shall be credited all program appropriations made by the General Assembly, all proceeds from loan repayments and any and all other deposits, payments or contributions from any other source made available to the fund. The fund shall operate as a revolving fund whereby all appropriations, payments and interest made thereto may be applied and reapplied to the purposes of this chapter.  (b) Credits to fund.--All appropriations, deposits and contributions made to the fund shall be immediately credited in full to the fund, and earnings on the moneys held in the fund shall also be credited to the fund for the purposes of this chapter.    Effective Date. Section 6(1)(i) of Act 12 of 2004 provided that section 2904 shall take effect upon publication of the guidelines required by section 2912.  Cross References. Section 2904 is referred to in sections 1102, 1544 of Title 64 (Public Authorities and Quasi-Public Corporations).
12 PA Cons Stat § 2907 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 12 - COMMERCE AND TRADE|Chapter 29 - Machinery and Equipment Loans|Section 2907 - Powers of authority

§ 2907. Powers of authority. The authority shall have and may exercise all powers and authority necessary to the proper administration and implementation of this chapter and shall have the authority to adopt policies, procedures and guidelines and promulgate rules and regulations necessary to effectuate the provisions of this chapter. In addition to any powers authorized under this chapter and 64 Pa.C.S. Ch. 11 (relating to Pennsylvania Industrial Development Authority), the board may administer the program by exercising the powers granted to it under the act of May 17, 1956 (1955 P.L.1609, No.537), known as the Pennsylvania Industrial Development Authority Act.  (Oct. 22, 2014, P.L.2569, No.161, eff. Nov. 1, 2014)   Effective Date. Section 6(1)(i) of Act 12 of 2004 provided that section 2907 shall take effect upon publication of the guidelines required by section 2912.
12 PA Cons Stat § 2908 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 12 - COMMERCE AND TRADE|Chapter 29 - Machinery and Equipment Loans|Section 2908 - Reporting and inspection

§ 2908. Reporting and inspection. (a) Inspection.--Each business enterprise which applies for or receives assistance under this chapter shall, upon request, permit authorized employees of the authority or its agent to inspect the plant, books and records of the business enterprise.  (b) Updating.--Each business enterprise shall update the information given to the authority in its application if conditions change or to the extent that the information given originally becomes inaccurate or misleading.  (c) Periodic reports.--Each recipient of assistance under this chapter shall provide the authority with periodic financial reports as the authority may require until such time as the loan is paid off.  (Oct. 22, 2014, P.L.2569, No.161, eff. Nov. 1, 2014; June 22, 2017, P.L.202, No.7, eff. imd.)    2017 Amendment. Act 7 amended subsec. (a).  Effective Date. Section 6(1)(i) of Act 12 of 2004 provided that section 2908 shall take effect upon publication of the guidelines required by section 2912.
12 PA Cons Stat § 2909 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 12 - COMMERCE AND TRADE|Chapter 29 - Machinery and Equipment Loans|Section 2909 - Nondiscrimination (Deleted by amendment)

§ 2909. Nondiscrimination (Deleted by amendment).   2014 Amendment. Section 2909 was deleted by amendment October 22, 2014, P.L.2569, No.161, effective November 1, 2014.
12 PA Cons Stat § 2910 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 12 - COMMERCE AND TRADE|Chapter 29 - Machinery and Equipment Loans|Section 2910 - Conflict of interest (Deleted by amendment)

§ 2910. Conflict of interest (Deleted by amendment).   2014 Amendment. Section 2910 was deleted by amendment October 22, 2014, P.L.2569, No.161, effective November 1, 2014.
12 PA Cons Stat § 2911 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 12 - COMMERCE AND TRADE|Chapter 29 - Machinery and Equipment Loans|Section 2911 - Reports to General Assembly

§ 2911. Reports to General Assembly. (a) Annual reports.--On or before September 1 of each year, the authority shall provide a report to the Secretary of the Senate and to the Chief Clerk of the House of Representatives. The report shall describe all relevant activities of the authority pursuant to this chapter and shall include the following:  (1) List of business enterprises receiving loans from the fund and the amounts and terms of this assistance.  (2) Loan amounts repaid. Information under this paragraph may be reported in the aggregate. (3) Loans outstanding, balances due and any penalties imposed. Information under this paragraph may be reported in the aggregate.  (4) Jobs created by businesses receiving funds in previous years. Information under this paragraph may be reported in the aggregate.  (5) Other relevant information as determined by the authority. (b) Availability of departmental reports.--Reports prepared by the secretary under section 2906(e) (relating to application and administration) shall be made available upon request to members of the General Assembly.  (Oct. 22, 2014, P.L.2569, No.161, eff. Nov. 1, 2014)   Effective Date. Section 6(1)(i) of Act 12 of 2004 provided that section 2911 shall take effect upon publication of the guidelines required by section 2912.
12 PA Cons Stat § 2912 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 12 - COMMERCE AND TRADE|Chapter 29 - Machinery and Equipment Loans|Section 2912 - Guidelines

§ 2912. Guidelines. The authority shall develop written guidelines for the implementation of this chapter. (Oct. 22, 2014, P.L.2569, No.161, eff. Nov. 1, 2014)
12 PA Cons Stat § 3001 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 12 - COMMERCE AND TRADE|Chapter 30 - Pennsylvania Industrial Development Program|Section 3001 - Scope of chapter

§ 3001. Scope of chapter. This chapter relates to the Pennsylvania Industrial Development Program.
12 PA Cons Stat § 3003 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 12 - COMMERCE AND TRADE|Chapter 30 - Pennsylvania Industrial Development Program|Section 3003 - Establishment

§ 3003. Establishment. There is established within the authority a program to be known as the Pennsylvania Industrial Development Program. The program shall be administered by the authority to provide loans for industrial development projects, industrial parks and multiple-tenancy building projects, to increase employment levels and to improve the overall economic health of this Commonwealth.    Cross References. Section 3003 is referred to in section 3002 of this title.
12 PA Cons Stat § 3004 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 12 - COMMERCE AND TRADE|Chapter 30 - Pennsylvania Industrial Development Program|Section 3004 - Industrial Development Fund (Reserved)

§ 3004. Industrial Development Fund (Reserved).
12 PA Cons Stat § 3005 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 12 - COMMERCE AND TRADE|Chapter 30 - Pennsylvania Industrial Development Program|Section 3005 - Application

§ 3005. Application. A certified economic development organization may submit an application for assistance under this chapter and under 64 Pa.C.S. § 1121(a) (relating to common application process). The application shall be on the form required by the authority and shall include or demonstrate all of the following, in addition to the contents required under 64 Pa.C.S. § 1121(b):  (1) A general description of the type, classes and number of employees employed or to be employed in the operation of the project.  (2) The cost or estimate of the cost of establishing the project. As used in this paragraph, the term "cost" shall include financing charges, including interest incurred before and during construction but shall not include the cost of any machinery, equipment or fixtures necessary for the project or the installation or maintenance of any of the machinery, equipment or fixtures.  (3) Financial statements of the applicant, proposed guarantors and any other party whose credit is significant to the approval of the financial assistance. By guideline, the authority may specify the period to be covered by the financial statements and whether they must be compiled, reviewed or prepared by a certified public accountant.  (4) Evidence of the arrangement made by the borrower for the financing of all costs of the project exceeding the amount to be financed by the authority.  (5) Evidence that the establishment of the project will not cause the removal of an industrial enterprise, manufacturing enterprise, research and development enterprise, agricultural producer or agricultural processor from one area of this Commonwealth to another area of this Commonwealth, as determined by the authority.  (6) Evidence that the proposed project location has undergone an environmental assessment. (7) Any other information required by the authority.
12 PA Cons Stat § 3006 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 12 - COMMERCE AND TRADE|Chapter 30 - Pennsylvania Industrial Development Program|Section 3006 - Loans for industrial development projects

§ 3006. Loans for industrial development projects. The authority may contract to loan an amount not to exceed 50% of the cost of establishing an industrial development project, subject to the following conditions:  (1) Before making the loan, the authority shall determine that: (i) the borrower is responsible to assume all obligations imposed by the authority in connection with the project, financial or otherwise, and to undertake the operation of the project; and  (ii) the borrower has obtained from other independent and responsible sources a firm commitment for any funds which, in addition to the loan and any other property or assets held by the borrower, are necessary for the completion and operation of the project.  (2) The authority shall determine the interest rate and repayment period of the loan. (3) The loan must be evidenced by note of the borrower, and secured by a mortgage on the project for which the loan was made, subordinate only to the mortgage securing the first lien obligation issued to secure the commitment of funds provided to pay the cost of the project from the independent and responsible sources, and used in the financing of the project.  (4) The authority may require additional security as it may deem necessary.
12 PA Cons Stat § 3007 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 12 - COMMERCE AND TRADE|Chapter 30 - Pennsylvania Industrial Development Program|Section 3007 - Loans for industrial parks

§ 3007. Loans for industrial parks. The authority may contract to loan an amount not to exceed 75% of the cost of establishing an industrial park project, subject to the following conditions:  (1) The authority shall determine the interest rate and repayment period of the loan. (2) The loan must be evidenced by note of the borrower and secured by a first mortgage on the industrial park or by participation in a first mortgage. If a Federal agency participates in the financing of the industrial park, the authority may take as security for its loan a mortgage on the industrial park which is second only to the mortgage given to the Federal agency.  (3) If the loan is secured by participation in a first mortgage on the industrial park, a portion of the loan, not to exceed 10% of the cost of the project, may be secured by a second mortgage on the industrial park which is second only to the participating first mortgage.
12 PA Cons Stat § 3008 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 12 - COMMERCE AND TRADE|Chapter 30 - Pennsylvania Industrial Development Program|Section 3008 - Loans for multiple-tenancy building projects

§ 3008. Loans for multiple-tenancy building projects. The authority may contract to loan an amount not to exceed 50% of the cost of establishing a multiple-tenancy building project, subject to the following conditions:  (1) The authority shall determine the interest rate and repayment period of the loan. (2) The loan must be evidenced by note of the borrower and secured by a first mortgage or participation in a first mortgage on the multiple-tenancy building project.  (3) The authority may contract to loan an amount not to exceed 50% of the cost of the project if the loan is secured by a first mortgage or participation in a first mortgage on the project. If the loan is not secured by a first mortgage or participation in a first mortgage on the project, the authority may contract to loan an amount not to exceed 40% of the cost of the project.  (4) If the loan is secured by a participation in a first mortgage on the project, the authority may permit a portion of its loan, not to exceed 10% of the cost of the project, to be secured by a second mortgage on the project which is second only to the participating first mortgage.
12 PA Cons Stat § 3009 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 12 - COMMERCE AND TRADE|Chapter 30 - Pennsylvania Industrial Development Program|Section 3009 - Reporting and inspection

§ 3009. Reporting and inspection. (a) Inspection.--An applicant or a recipient shall, upon request, permit authorized employees of the authority or its agent to inspect the plant, books and records of the applicant or recipient.  (b) Updating.--An applicant or a recipient shall provide updated information to the authority and its agents if conditions change or to the extent that the information originally given becomes inaccurate or misleading.  (c) Periodic reports.--A recipient shall provide the authority and its agents with periodic financial reports as the authority may require until the loan is repaid in full.  (d) Financial and performance audits.--A recipient shall annually submit to the authority, at the recipient's expense, an independent financial audit. If the audit reveals misconduct of a material nature on the part of the recipient, the authority shall take appropriate action.
12 PA Cons Stat § 3010 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 12 - COMMERCE AND TRADE|Chapter 30 - Pennsylvania Industrial Development Program|Section 3010 - Limitations

§ 3010. Limitations. A loan may not be recommended or approved if the proceeds of the loan could do any of the following:  (1) Cause, aid or assist directly in the relocation of any business operations from one part of this Commonwealth to another unless there is at least a 25% net increase in employment.  (2) Refinance any portion of the total cost of an industrial development project, industrial park or multiple-tenancy building project or other existing loans or debt.  (3) Finance an industrial development project, industrial park or multiple-tenancy building project located outside the geographic boundaries of this Commonwealth.  (4) Provide funds, directly or indirectly, for payment distribution or as loan owners, partners or shareholders of a small business, except as ordinary compensation for services rendered.  (5) Provide funds for speculation in real or personal property, whether tangible or intangible.
12 PA Cons Stat § 3011 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 12 - COMMERCE AND TRADE|Chapter 30 - Pennsylvania Industrial Development Program|Section 3011 - Job creation

§ 3011. Job creation. The authority shall establish minimum levels of job creation for loans under this chapter, or a requirement that one new job be created for a certain amount of funds loaned. In establishing the minimum levels of job creation, the authority shall consider unemployment statistics, inflation, the authority's cash flow and the need to keep this Commonwealth and the businesses of this Commonwealth competitive. Notice of job creation requirements must be submitted to the Legislative Reference Bureau for publication in the Pennsylvania Bulletin.
12 PA Cons Stat § 3401 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 12 - COMMERCE AND TRADE|Chapter 34 - Infrastructure and Facilities Improvement Program|Section 3401 - Scope of chapter

§ 3401. Scope of chapter. This chapter relates to the Infrastructure and Facilities Improvement Program.
12 PA Cons Stat § 3403 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 12 - COMMERCE AND TRADE|Chapter 34 - Infrastructure and Facilities Improvement Program|Section 3403 - Establishment

§ 3403. Establishment. There is established within the department a program to be known as the Infrastructure and Facilities Improvement Program. The program shall enhance the economic development of the Commonwealth by providing financial assistance in the form of multiyear grants to issuing authorities toward payment of debt service on projects.
12 PA Cons Stat § 3404 (2021)
2021 Pennsylvania Consolidated & Unconsolidated Statutes|Title 12 - COMMERCE AND TRADE|Chapter 34 - Infrastructure and Facilities Improvement Program|Section 3404 - Application

§ 3404. Application. An issuing authority may submit an application to the department requesting financial assistance for a project. The application must be on a form required by the department and must include all of the following:  (1) The name and address of the applicant.  (2) The name, address and state tax identification numbers of the project user.  (3) A description of the project. The description shall include all of the following:  (i) A detailed narrative describing the project and the project user.  (ii) A detailed statement of the cost of the project. The statement must include the amount and type of debt to be issued by the applicant for the project, the identity of the party responsible for repayment of the debt and the collateral or security to be provided.  (iii) A statement of the number of net new full-time jobs to be created by the project and the number of existing full-time jobs to be preserved by the project.  (4) A statement of the amount of grant funds being requested per year.  (5) A statement of the number of years a grant is being requested. If the applicant is requesting a grant for a project of a project user that is an industrial enterprise, retail enterprise, a research and development enterprise or a manufacturer, the request may not exceed ten years. If the applicant is requesting a grant for a project of a project user that is a hospital, convention center or hotel establishment, the request may not exceed 20 years.  (6) Financial information from the project user prepared or reported on by an independent certified public accountant projecting for the next three years all of the following:  (i) The sales or expected sales tax collected or to be collected by the project user from activities as a result of the project.  (ii) The expected hotel occupancy tax to be collected by the project user from activities as a result of the project.  (iii) The expected net increase in personal income tax withheld by the project user as an employer pursuant to Article III of the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, from activities as a result of the project.  (7) Evidence of a firm commitment from the project user to use the project upon completion.  (8) (Deleted by amendment).  (9) Any other information required by the department. (Nov. 30, 2004, P.L.1708, No.218, eff. imd.)  2004 Amendment. Act 218 amended par. (5) and deleted par. (8).  Cross References. Section 3404 is referred to in section 3402 of this title.