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2 chapters · 9 sections in this title.
72 Pa.C.S. § 3101 Definitions
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The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise: "Administrative entity." Any of the following: (1) An entity certified by the Pennsylvania Industrial Development Author…
72 Pa.C.S. § 3111 Purpose
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An administrative entity may create a microenterprise loan program to assist start-up entrepreneurs and, to the extent possible, low-income individuals and diverse groups in the establishment of a microenterprise.
72 Pa.C.S. § 3112 Powers of administrative entity
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(a) General rule.--In addition to powers granted to an administrative entity in other laws, an administrative entity shall have the following powers necessary to operate a program: (1) To issue loans to microenterprises that will operate on property owned by the administrative en…
72 Pa.C.S. § 3113 Acquisition of property and responsibilities
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(a) General rule.--An administrative entity may acquire real property to lease to start-up entrepreneurs who receive a microenterprise loan under the program in the following manners: (1) An administrative entity may acquire real property by purchase contracts, lease purchase agr…
72 Pa.C.S. § 3114 Funding
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(a) General rule.--The administrative entity may receive funding through grants from: (1) The Federal Government. (2) The Commonwealth. (3) A municipality that created the administrative entity. (4) Private sources. (b) Revenue.--An administrative entity may receive and retain pa…
72 Pa.C.S. § 3115 Property tax exemption schedule of real property
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A municipality and school district shall have the power and authority to grant property tax abatement, in accordance with this section, to properties leased to a microenterprise for one or more consecutive years and owned by an administrative entity. The following apply: (1) For …
72 Pa.C.S. § 3116 Microenterprise loans
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(a) Loan issuance.-- (1) An administrative entity may issue a loan to a microenterprise that operates on property owned by the administrative entity within the program. (2) An administrative entity may partner with a private entity that issues microloans for the purpose of provid…
72 Pa.C.S. § 3117 Administration of program
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(a) Limitation on administrative cost.--The cost of administering a program may not exceed 10% of the program's operating budget. (b) Maintenance.--An administrative entity shall maintain all of its real property in accordance with the laws of this Commonwealth and ordinances of …
72 Pa.C.S. § 3118 Disposition of property
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(a) Public access to inventory.--An administrative entity shall maintain and make available for public review and inspection an inventory of real property held by the administrative entity for the program. (b) Power.--The administrative entity may convey, exchange, sell, transfer…
