Revolving loan program accounts - 64 Pa. Cons. Stat. § 1542

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     § 1542.  Revolving loan program accounts.
        (a)  The Business in Our Sites Program account.--The
     authority shall establish an account for the program established
     in section 1551 (relating to Business in Our Sites Program).
     Proceeds of bonds issued to fund the Business in Our Sites
     Program and any moneys received as loan repayments under the
     Business in Our Sites Program, or moneys otherwise made
     available to the program, shall be deposited in the account and
     made available for additional planning grants, project grants or
     loans for the purposes of the program in section 1551, subject
     to the provisions of any pledge to or agreement made by the
     authority with obligees of the authority.
        (b)  The First Industries Program account.--The authority
     shall establish an account for the program established in
     section 1552 (relating to First Industries Program). Proceeds of
     bonds issued to fund the First Industries Program, any moneys
     received as loan repayments or in repayment or recovery of loan
     guarantees under the program, or moneys otherwise made available
     to the program, shall be deposited in the account and made
     available for additional planning grants or loans or used for
     additional loan guarantees as provided in section 1552, subject
     to the provisions of any pledge to or agreement made by the
     authority with obligees of the authority.

        Cross References.  Section 1542 is referred to in section
     1552 of this title.

Last modified: November 27, 2007