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Development - 12 Pa. Cons. Stat. § 303

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     § 303.  Development.
        The department shall annually develop a report containing a
     financing strategy for economic development within this
     Commonwealth. In developing the report, the department shall
     gather input and recommendations from businesses, community
     leaders and organizations, legislators and private citizens. The
     report shall include all of the following:
            (1)  A financial audit or statement of operations for
        each economic development program.
            (2)  A narrative description of accomplishments for each
        economic development program during the preceding fiscal
        year.
            (3)  A detailed description of the parameters of
        operation for the economic development programs during the
        upcoming fiscal year. The description shall include the terms
        and conditions under which the economic development programs
        shall be administered.
            (4)  A description of the performance measurements and
        accountability factors to be applied and the performance
        targets or goals to be met for each economic development
        program.
            (5)  A description of long-range planning for the
        economic development programs through the next five fiscal
        years.
            (6)  A list of the loans, grants or credits approved for
        the economic development programs during the fiscal year. The
        list shall include a brief description of and details
        regarding each loan, grant or credit approved, including
        penalties imposed by the department.
            (7)  A review of pending projects.

Last modified: November 27, 2007