Section 117.95. Interest

Latest version.

The total amount of interest earned by the investment or reinvestment of all or a part of the principal of a loan shall be returned to the Department for deposit into the Fund and will not be credited as payment of principal or interest on the loan.

The provisions of this § 117.95 adopted August 21, 1992, effective August 22, 1992, 22 Pa.B. 4315.

Notation

Authority

The provisions of this § 117.95 issued under section 7 of the Local Government Capital Project Loan Fund Act (53 P. S. § 6781-7).

                    
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