Section 61.4. Project selection

In selecting projects which exceed a county’s initial allocation, are exempt facilities, are to be funded from the 50% contingency reserve pool or are to be funded in the final allocation, the Secretary will select projects based on the following criteria:

(1) Size of project.

(2) Number of net new jobs created.

(3) Economic distress of the area.

(4) The project’s consistency with the economic development plans of the Commonwealth and of municipalities and regions.

(5) The amount of private funds leveraged by tax-exempt financing.

(6) The ability to undertake the project without tax free financing.

(7) The date the bonds are to be issued.

The provisions of this § 61.4 adopted January 10, 1986, effective January 1, 1986, 16 Pa.B. 129; amended January 30, 1987, effective retroactively to January 1, 1987, 17 Pa.B. 571. Immediately preceding text appears at serial page (103704).

Notation

Cross References

This section cited in 12 Pa. Code § 61.2 (relating to initial allocations for Commonwealth agencies); and 12 Pa. Code § 61.7 (relating to reallocation).