Section 63.4. Reallocations

The unused portion of an allocation provided under § 63.1(b)—(e) (relating to allocations) will be reallocated by the Secretary in cooperation with the Executive Director of the Higher Education Assistance Agency in the manner provided by section 5(b) and (c) of the Tax-Exempt Bond Allocation Act (73 P. S. § 397.5(b) and (c)). Reallocations under section 5(b)(1)(ii) of the Tax-Exempt Bond Allocation Act may be made to an eligible project or use provided by § 63.1(b)—(e).

The provisions of this § 63.4 adopted January 22, 1988, effective retroactively to January 1, 1988, 18 Pa.B. 333; amended June 16, 1989, effective June 17, 1989, 19 Pa.B. 2541; amended September 21, 1990, effective September 22, 1990, 20 Pa.B. 4861; amended April 24, 1992, effective April 25, 1992, 22 Pa.B. 2240. Immediately preceding text appears at serial page (161475).

Notation

Authority

The provisions of this § 63.4 issued under sections 6 and 7(4) of the Tax-Exempt Bond Allocation Act (73 P. S. § 397.7(4)).
(Editor’s Note: This regulation was promulgated under section 6(b) of the Regulatory Review Act (71 P. S. § 745.6(b)).