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PA Bulletin, Doc. No. 00-1618

NOTICES

PENNSYLVANIA INDUSTRIAL DEVELOPMENT AUTHORITY

Participation and Interest Rates

[30 Pa.B. 4872]

   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 June 7, 2000, are effective as of July 1, 2000, and will remain in effect until changed by a notice in the Pennsylvania Bulletin, with the following exception: projects located in any county or municipality in which the interest rate has increased or the participation rate has decreased will not be subject to the new rates until October 4, 2000. The rates are attached as Appendix A.

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

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

SAMUEL A. MCCULLOUGH,   
Chairperson

PIDA

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

Effective July 2000 through June 2001

Maximum
PIDA
Interest
Participation
Rate**
(S) % (L)
%
ADAMS30 **** 30 **** 5.25
ALLEGHENY30 **** 30 **** 5.25
   McKeesport City5030 **** 3.75
   Penn Hills Twp.40 ***30 **** 5.25
   Pittsburgh City40 ***30 **** 5.25
   West Mifflin Boro40 ***30 **** 5.25
ARMSTRONG5040 ***3.75
BEAVER40 ***40 ***5.25
BEDFORD5040 ***3.75
BERKS40 ***30 **** 5.25
   Reading City40 ***40 **** 3.75
BLAIR40 ***40 ***3.75
BRADFORD40 ***40 ***5.25
BUCKS40 ***40 ***6.75
   Bensalem Twp.40 ***40 ***5.25
   Bristol Twp.40 ***40 ***5.25
   Warminster Twp.40 ***40 ***5.25
BUTLER40 ***40 ***5.25
CAMBRIA40 ***40 ***3.75
   Johnstown5040 ***3.75
CAMERON50503.75
CARBON5040 ***3.75
CENTRE30 **** 30 **** 6.75
CHESTER30 **** 30 **** 6.75
CLARION40 ***40 ***3.75
CLEARFIELD5040 ***3.75
CLINTON40 ***40 ***3.75
COLUMBIA40 ***40 ***3.75
CRAWFORD40 ***40 ***5.25
CUMBERLAND (MSA)30 **** 30 **** 6.75
DAUPHIN (MSA)30 **** 30 **** 5.25
   Harrisburg40 ***30 **** 5.25
DELAWARE40 ***40 ***5.25
   Chester City5040 ***3.75
ELK5040 ***3.75
ERIE40 ***40 ***5.25
FAYETTE50403.75
FOREST5040 ***3.75
FRANKLIN40 ***30 **** 5.25
FULTON40 ***40 ***3.75
GREENE5040 ***3.75
HUNTINGDON50503.75
INDIANA5040 ***3.75
JEFFERSON5040 ***3.75
JUNIATA40 ***40 ***3.75
LACKAWANNA40 ***40 ***5.25
LANCASTER30 **** 30 **** 6.75
   Lancaster City30 **** 30 **** 5.25
LAWRENCE40 ***40 ***3.75
   New Castle City50503.75
LEBANON (MSA)30 **** 30 **** 6.75
   Lebanon City40 ***30 **** 5.25
LEHIGH40 ***40 ***5.25
LUZERNE40 ***40 ***3.75
   Hazleton City5040 ***3.75
   Wilkes-Barre City5040 ***3.75
LYCOMING40***40 ***3.75
   Williamsport City5040 ***3.75
McKEAN40 ***40 ***5.25
MERCER40 ***40 ***5.25
MIFFLIN5040 ***3.75
MONROE5040 ***3.75
MONTGOMERY30 **** 30 **** 6.75
   Norristown Boro40 ***30 **** 5.25
MONTOUR30 **** 30 **** 6.75
NORTHAMPTON40 ***40 ***5.25
NORTHUMBERLAND4040 ***3.75
PERRY (MSA)30 **** 30 **** 5.25
PHILADELPHIA5040 ***3.75
PIKE40 ***40 ***3.75
POTTER40 ***40 ***3.75
SCHUYLKILL5040 ***3.75
SNYDER40 ***40 ***5.25
SOMERSET40 ***40 ***3.75
SULLIVAN5040 ***3.75
SUSQUEHANNA40 ***40 ***3.75
TIOGA40 ***40 ***5.25
UNION30 ***30 ***6.75
VENANGO40 ***40 ***3.75
WARREN40 ***40 ***5.25
WASHINGTON40 ***40 ***5.25
WAYNE5040 ***3.75
WESTMORELAND40 ***40 ***5.25
WYOMING40 ***40 ***3.75
YORK30 **** 30 **** 6.75
   York City40 ***30 **** 3.75
* Municipalities are listed only if participation or interest rate differs from County rates.
** Based on calendar year 1999 unemployment rate. Subject to change at discretion of PIDA Board.
(S) Small Business (Less than 50 existing employees, including parent, subsidiaries and affiliates.)
(L) Large Business.
MSA Metropolitan Statistical Area (Cumberland, Dauphin, Lebanon and Perry)

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, Keystone Opportunity Zones and brownfield sites will receive loans at 3.75%. Companies designated as advanced tech firms will receive an interest rate of 4.25% or 3.75% depending on the location of the project (for example, if area rate is 5.25% or 6.75%, the interest rate will be 4.25%).

***   10% Equity required
**** 20% Equity required

Financially Distressed Municipalities Under Act 47*

Aliquippa City
Beaver County

Braddock Borough
Allegheny County

Chester City
Delaware County

Clairton City
Allegheny County

Duquesne City
Allegheny County

Farrell City
Mercer County

Franklin Borough
Cambria County

Homestead Borough
Allegheny County

Johnstown City
Cambria County

Millbourne Borough
Delaware County

North Braddock Borough
Allegheny County

Rankin Borough
Allegheny County

Scranton City
Lackawanna 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. 00-1618. Filed for public inspection September 15, 2000, 9:00 a.m.]



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