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Limitations - 12 Pa. Cons. Stat. § 2312

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     § 2312.  Limitations.
        No loans shall be recommended or approved if the proceeds of
     the loan could do any of the following:
            (1)  Cause, aid or assist directly in the relocation of
        any business operations from one part of this Commonwealth to
        another unless there is at least a 25% net increase in
        employment.
            (2)  Refinance any portion of the total cost of a capital
        development project, pollution prevention infrastructure or
        other existing loans or debt.
            (3)  Finance a capital development project or pollution
        prevention infrastructure located outside the geographic
        boundaries of this Commonwealth.
            (4)  Provide funds, directly or directly, for payment
        distribution or as loan owners, partners or shareholders of a
        small business, except as ordinary compensation for services
        rendered.
            (5)  Provide funds for speculation in real or personal
        property, whether tangible or intangible.

Last modified: November 27, 2007