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• No statutes or acts will be found at this website.
The Pennsylvania Bulletin website includes the following: Rulemakings by State agencies; Proposed Rulemakings by State agencies; State agency notices; the Governor’s Proclamations and Executive Orders; Actions by the General Assembly; and Statewide and local court rules.
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 July 1, 1998, are effective as of that date 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
Effective July 1998 through June 1999
Maximum
PIDA
Interest
Participation
Rate**
(S) % (L)
%
ADAMS
40 ***
30 ****
6.75
ALLEGHENY
40 ***
30****
6.75
McKeesport City
40
30****
3.75
Pittsburgh City
40 ***
30****
5.25
ARMSTRONG
40
40 ***
3.75
BEAVER
40 ***
40 ***
5.25
BEDFORD
40
40 ***
3.75
BERKS
40 ***
40 ***
6.75
Reading City
40
40 ***
5.25
BLAIR
40 ***
40 ***
5.25
Altoona City
40
40 ***
5.25
BRADFORD
40 ***
40 ***
5.25
BUCKS
40 ***
40 ***
6.75
Bensalem Twp.
40 ***
40 ***
5.25
Bristol Twp.
40 ***
40 ***
5.25
BUTLER
40 ***
40 ***
5.25
CAMBRIA
40
40
3.75
CAMERON
40
40 ***
3.75
CARBON
40
40 ***
3.75
CENTRE
30****
30****
6.75
CHESTER
30****
30****
6.75
CLARION
40
40 ***
5.25
CLEARFIELD
40
40
3.75
CLINTON
40
40 ***
3.75
COLUMBIA
40
40 ***
3.75
CRAWFORD
40 ***
40 ***
5.25
CUMBERLAND
30****
30****
6.75
DAUPHIN
30****
30****
6.75
Harrisburg
40 ***
30****
5.25
DELAWARE
40 ***
30****
6.75
Chester City
40
40
3.75
ELK
40
40 ***
5.25
ERIE
40 ***
40 ***
5.25
Erie City
40
40 ***
3.75
FAYETTE
40
40
3.75
FOREST
40
40
3.75
FRANKLIN
40 ***
30****
5.25
FULTON
40
40 ***
3.75
GREENE
40
40
3.75
HUNTINGDON
40
40
3.75
INDIANA
40
40
3.75
JEFFERSON
40
40 ***
3.75
JUNIATA
40
40
3.75
LACKAWANNA
40
40 ***
3.75
LANCASTER
30****
30****
6.75
Lancaster City
40 ***
30****
5.25
LAWRENCE
40
40 ***
5.25
New Castle City
40
40 ***
3.75
LEBANON
30****
30****
6.75
Lebanon City
40 ***
30****
6.75
LEHIGH
40 ***
40 ***
6.75
Allentown City
40
40 ***
5.25
Bethlehem City
40 ***
40 ***
5.25
LUZERNE
40
40 ***
3.75
Wilkes-Barre City
40
40
3.75
LYCOMING
40
40 ***
5.25
Williamsport City
40
40 ***
3.75
McKEAN
40
40 ***
5.25
MERCER
40 ***
40 ***
5.25
MIFFLIN
40
40 ***
3.75
MONROE
40
40 ***
3.75
MONTGOMERY
30****
30****
6.75
Norristown Boro
40 ***
30****
5.25
Upper Dublin Twp.
40 ***
30****
6.75
MONTOUR
40 ***
30****
6.75
NORTHAMPTON
40 ***
40 ***
5.25
NORTHUMBERLAND 40
40 ***
3.75
PERRY
30****
30****
6.75
PHILADELPHIA
40
40 ***
3.75
PIKE
40 ***
40 ***
5.25
POTTER
40
40 ***
3.75
SCHUYLKILL
40
40 ***
3.75
SNYDER
40 ***
40 ***
5.25
SOMERSET
40
40 ***
3.75
SULLIVAN
40
40 ***
3.75
SUSQUEHANNA
40
40 ***
3.75
TIOGA
40
40 ***
3.75
UNION
40 ***
40 ***
6.75
VENANGO
40
40 ***
3.75
WARREN
40 ***
40 ***
5.25
WASHINGTON
40 ***
40 ***
5.25
WAYNE
40
40
3.75
WESTMORELAND
40 ***
40 ***
5.25
WYOMING
40
40
3.75
YORK
40 ***
30****
6.75
York City
40
30****
3.75
*
Municipalities are listed only if PIDA rate differs from County rate.
**
Based on calendar year 1997 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, Federal enterprise communities and brownfield sites 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
Financially Distressed Municipalities Under Act 47*
Aliquippa City
Franklin Borough
Beaver County
Cambria County
Braddock Borough
Homestead Borough
Allegheny County
Allegheny County
Chester City
Johnstown City
Delaware County
Cambria County
Clairton City
Millbourne Borough
Allegheny County
Delaware County
Duquesne City
North Braddock Borough
Allegheny County
Allegheny County
East Pittsburgh Borough
Rankin Borough
Allegheny County
Allegheny County
Farrell City
Scranton City
Mercer County
Lackawanna County
Wilkinsburg Borough
Allegheny County
Federal Empowerment Zones *
Portions of Pittsburgh and Philadelphia
Federal Enterprise Communities *
Portions of Harrisburg, Dauphin County Portions of Lock Haven, Clinton County
*Eligible for 3.75% Interest Rate
[Pa.B. Doc. No. 98-1583. Filed for public inspection September 25, 1998, 9:00 a.m.]
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