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PA Bulletin, Doc. No. 97-1058

NOTICES

PENNSYLVANIA INDUSTRIAL DEVELOPMENT AUTHORITY

Participation and Interest Rates

[27 Pa.B. 3123]

   The Pennsylvania Industrial Development Authority (PIDA) gives notice of the adoption of PIDA participation and interest rates for loans approved by the PIDA Board of Directors. The rates, which were adopted by the PIDA Board of Directors at its meeting held May 7, 1997, are effective as of July 1, 1997 and will remain in effect until changed by a notice in the Pennsylvania Bulletin. The rates follow as Annex A.

   The PIDA Board retains the right to waive or modify the rates, to the extent that such are not mandated by law, on a case by case basis for good cause shown.

   Further information can be obtained from the Pennsylvania Industrial Development Authority, Room 481, Forum Building, Harrisburg, PA 17120, (717) 787-6245.

SAMUEL A. MCCULLOUGH,   
Chairperson

Annex A

PIDA PARTICIPATION AND INTEREST RATES
FOR COUNTIES AND MUNICIPALITIES*
OVER 25,000 POPULATION

Maximum PIDAInterest
ParticipationRate**
   (S)      %      (L)   %
ADAMS40 ***30 ****6.75
ALLEGHENY40 ***30 ****6.75
   McKeesport City4030 ****3.75
   Pittsburgh City40 ***30 **** 5.25
ARMSTRONG4040 ***3.75
BEAVER40 ***40 ***3.75
BEDFORD4040 ***3.75
BERKS40 ***40 ***6.75
   Reading City4040 ***5.25
BLAIR40 ***40 ***5.25
   Altoona City4040 ***5.25
BRADFORD40 ***40 ***5.25
BUCKS40 ***40 ***6.75
   Bensalem Twp.40 ***40 ***5.25
   Bristol Twp.4040 ***5.25
BUTLER40 ***40 ***5.25
CAMBRIA40403.75
CAMERON4040 ***3.75
CARBON4040 ***3.75
CENTRE30 ****30 ****6.75
CHESTER30 ****30 ****6.75
CLARION4040 ***3.75
CLEARFIELD40403.75
CLINTON40403.75
COLUMBIA4040 ***3.75
CRAWFORD40 ***40 ***5.25
CUMBERLAND30 ****30 ****6.75
DAUPHIN30 ****30 ****6.75
   Harrisburg40 ***30 ****6.75
DELAWARE40 ***30 ****6.75
   Chester City4030 ****3.75
ELK4040 ***5.25
ERIE40 ***40 ***5.25
   Erie City4040 ***3.75
FAYETTE40403.75
FOREST40403.75
FRANKLIN40 ***30 ****6.75
FULTON40 ***40 ***5.25
GREENE40403.75
HUNTINGDON40403.75
INDIANA40403.75
JEFFERSON4040 ***3.75
JUNIATA40403.75
LACKAWANNA4040 ***3.75
LANCASTER30 ****30 ****6.75
   Lancaster City40 ***30 ****5.25
LAWRENCE4040 ***5.25
   New Castle City4040 ***3.75
LEBANON30 ****30 ****6.75
   Lebanon City40 ***30 ****5.25
LEHIGH40 ***40 ***5.25
   Allentown City4040 ***5.25
LUZERNE4040 ***3.75
LYCOMING4040 ***5.25
   Williamsport City4040 ***3.75
McKEAN40 ***40 ***5.25
MERCER40 ***40 ***3.75
MIFFLIN40403.75
MONROE4040 ***3.75
MONTGOMERY30 ****30 ****6.75
   Norristown Boro40 ***30 ****5.25
   Upper Dublin Twp.40 ***30 ****6.75
MONTOUR40 ***30 ****6.75
NORTHAMPTON40 ***40 ***5.25
NORTHUMBERLAND4040 ***5.25
PERRY40 ***40 ***6.75
PHILADELPHIA4040 ***3.75
PIKE40 ***40 ***5.25
POTTER4040 ***3.75
SCHUYLKILL40403.75
SNYDER4040 ***5.25
SOMERSET4040 ***3.75
SULLIVAN4040 ***5.25
SUSQUEHANNA4040 ***3.75
TIOGA4040 ***3.75
UNION40 ***40 ***6.75
VENANGO4040 ***3.75
WARREN40 ***40 ***5.25
WASHINGTON40 ***40 ***5.25
WAYNE40403.75
WESTMORELAND40 ***40 ***5.25
WYOMING4040 ***3.75
YORK40 ***30 ****6.75
   York City4030 ****3.75

* Municipalities are listed only if PIDA rate differs from County rate.

** Based on calendar year 1996 unemployment rate. Subject to change at discretion of PIDA Board.

(S) Small Business (Less than 50 existing employes, including parent, subsidiaries and affiliates.)

(L) Large Business.

Special Note: projects located in designated enterprise zones, planning stage enterprise zones, financially distressed municipalities under Act 47 (over), Federal empowerment zones and Federal enterprise communities will receive loans at 3.75%. Companies designated as advanced tech firms will receive an interest rate 1% less than the area rate with a floor of 3.75%

*** 10% Equity required

**** 20% Equity required

Effective July 1996 through June 1997

MID MON VALLEY--Fayette, Washington and Westmoreland Counties

PIDA Participation: 40%--Small Business
40%--Large Business
Interest Rate: 3.75%                              
AllenportFallowfield Twp.Roscoe
Belle VernonFayette CityRostraver Twp.
BentleyvilleFinleyvilleSmithton
Brownsville* Forward Twp.Speers
Brownsville Twp.Jefferson Twp.Stockdale
CaliforniaLong BranchTwilight
Carroll Twp.MonessenUnion Twp.
CharleroiMonongahelaWashington Twp.
Coal CenterNew EagleWest Brownsville
DonoraNewellWest Newton
DunlevyNorth Belle    VernonWest Pike Run    Twp.
ElcoNorth Charleroi

LOWER MON VALLEY--Allegheny County

PIDA Participation: 40%--Small Business
40%--Large Business**
Interest Rate: 5.25%                              
BraddockHomesteadSouth Versailles    Twp.
Braddock HillsJeffersonSwissvale
ChalfantLibertyTrafford
ClairtonLincolnTurtle Creek
DravosburgMcKeesportVersailles
DuquesneMonroevilleWall
East McKeesportMunhallWest Elizabeth
East PittsburghNorth BraddockWest Homestead
ElizabethNorth Versailles    Twp.West Mifflin
Elizabeth Twp.PitcairnWhitaker
Forest HillsPittsburghWhite Oak
* Forward Twp.Port VueWilkins Twp.
GlassportRankinWilmerding

SHENANGO RIVER VALLEY--Lawrence and Mercer Counties

PIDA Participation: 40%--Small Business
40%--Large Business **
Interest Rate: 5.25%                              
ClarkJefferson Twp.Shenango Twp.
Delaware Twp.Mahoning Twp.South    Pymatuning    Twp.
FarrellNeshannock Twp.Union Twp.
Greene Twp.New CastleWest Middlesex
GreenvillePulaski Twp.West Salem Twp.
HempfieldPymatuning Twp.Wheatland
HermitageSharon
JamestownSharpsville

(Note:  Any municipality located in Mercer County receives 3.75% interest rate.)

BEAVER VALLEY--Beaver County

PIDA Participation: 40%--Small Business
40%--Large Business **
Interest Rate: 3.75%                              
AliquippaFallstonNew Brighton
AmbridgeFrankfort SpringsNew Galilee
BadenFranklin Twp.New Sewickley    Twp.
BeaverFreedomNorth Sewickley    Twp.
Beaver FallsGeorgetownOhioville
Big BeaverGlasgowPatterson Heights
BridgewaterGreene Twp.Patterson Twp.
Brighton Twp.Hanover Twp.Potter Twp.
Center Twp.Harmony Twp.Pulaski Twp.
Chippewa Twp.HookstownRaccoon Twp.
ConwayHomewoodRochester
DarlingtonHopewell Twp.Rochester Twp.
Darlington Twp.Independence    Twp.Shippingport
DaughertyIndustrySouth Beaver    Twp.
East RochesterKoppelSouth Heights
East ValeMarion Twp.Vanport Twp.
Economy Twp.MidlandWest Mayfield
Ellwood CityMonacaWhite Twp.
* Forward Twp. is eligible for 3.75% and 40/40%
** 10% Equity required.

MOSHANNON VALLEY--Centre and Clearfield Counties

PIDA Participation: 40%--Small Business
40%--Large Business **
Interest Rate: 3.75%                              

Centre County

Philipsburg Bor.
Rush Twp.
South Philipsburg Bor.

Clearfield County

Beccaria Twp.Bigler Twp.Boggs Twp.
Bradford Twp.Brisbin Bor.Chester Hill Bor.
Coalport Bor.Cooper Twp.Decatur Twp.
Glen Hope Bor.Graham Twp.Gulich Twp.
Houtzdale Bor.Irvona Bor.Jordan Twp.
Knox Twp.Morris Twp.Osceola Mills Bor.
Ramey Bor.Wallaceton Bor.Woodward Twp.
[Pa.B. Doc. No. 97-1058. Filed for public inspection June 27, 1997, 9:00 a.m.]



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