Pennsylvania Code & Bulletin
COMMONWEALTH OF PENNSYLVANIA

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The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 53 Pa.B. 7346 (November 25, 2023).

12 Pa. Code § 63.3. Procedures.

§ 63.3. Procedures.

 (a)  Procedures for the administration of private activity bond allocations shall be as provided by Chapter 61 (relating to private activity bonds—statement of policy), except to the extent the procedures are inconsistent with the requirements of this chapter.

 (b)  The Secretary may establish additional policies, guidelines, forms and reporting requirements necessary to carry out the purposes of the Tax-Exempt Bond Allocation Act (73 P.S. § §  397.1—397.8) and this chapter.

 (c)  State agencies and other entities involved with the issuance or approval of qualified private activity bonds related to this chapter will cooperate with the Department in implementing this allocation system.

 (d)  Issuers failing to comply with requirements of this chapter will be denied allocation approvals until compliance is achieved.

Authority

   The provisions of this §  63.3 amended under section 7(4) of the Tax-Exempt Bond Allocation Act (73 P.S. §  397.7(4)) (Repealed).

Source

   The provisions of this §  63.3 adopted January 16, 1987, effective retroactively to January 1, 1987, 17 Pa.B. 247; amended January 22, 1988, effective retroactively to January 1, 1988, 18 Pa.B. 333; amended June 16, 1989, effective June 17, 1989, 19 Pa.B. 2542. Immediately preceding text appears at serial page (125632).

Cross References

   This section cited in 12 Pa. Code §  61.5 (relating to allocations of tax-exempt bond authority); and 12 Pa. Code §  63.1 (relating to allocations).



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