12 Pa. Code § 73.141 - General

(a) PIDA will expect and require the industrial development corporation (IDC) or the private borrower, or both, to engage professionals that are needed to assure that the project is completed in accordance with applicable laws and acceptable building standards. PIDA will expect and require that the IDC or the private borrower, or both, to provide to PIDA information that may be needed by PIDA to assure that the project complies with the act and that the PIDA loan is adequately documented and secured.

(b) PIDA may retain 10% of its loan until a certificate of occupancy is issued by the appropriate building code official for the project.

Notes

12 Pa. Code § 73.141

The provisions of this § 73.141 amended October 19, 2007, effective 10/20/2007, 37 Pa.B. 5601.

This section cited in 12 Pa. Code § 73.6 (relating to licensed professional requirement).