2012 Pennsylvania Consolidated Statutes
Title 35 - HEALTH AND SAFETY
Chapter 78 - Grants to Fire Companies and Volunteer Services
Section 7814 - Consolidation incentive

     § 7814.  Consolidation incentive.
        If, after July 31, 2003, two or more volunteer fire companies
     consolidate their use of facilities, equipment, firefighters and
     services, the consolidated entity may, upon notification of the
     agency, be eligible for a reduction of the interest rate payable
     on any outstanding principal balance owed, as of the date of
     consolidation, by any or all of the consolidating companies to
     the Volunteer Companies Loan Fund for loans made under the act
     of July 15, 1976 (P.L.1036, No.208), known as the Volunteer Fire
     Company, Ambulance Service and Rescue Squad Assistance Act, or
     under Subchapter E of Chapter 73 (relating to volunteer fire
     company, ambulance service and rescue squad assistance). The
     reduction in the interest rate payable shall be from 2% to 1%.
     Upon receipt of such notification, the agency, in conjunction
     with the State Fire Commissioner, shall determine and verify
     that the consolidated entity is in fact a bona fide consolidated
     volunteer fire company. If the agency determines that the
     consolidated entity is a bona fide consolidated volunteer fire
     company, it shall reduce the interest rate payable on any
     outstanding principal balance owed to the Volunteer Companies
     Loan Fund for loans made under the former Volunteer Fire
     Company, Ambulance Service and Rescue Squad Assistance Act, or
     under Subchapter E of Chapter 73, for which the consolidating
     companies or the consolidated entity may be individually or
     jointly responsible. The agency may promulgate such rules and
     regulations as may be necessary to carry out the provisions of
     this section.

        References in Text.  The act of July 15, 1976 (P.L.1036,
     No.208), known as the Volunteer Fire Company, Ambulance Service
     and Rescue Squad Assistance Act, referred to in this section,
     was repealed by the act of November 23, 2010 (P.L.1181, No.118).
     The subject matter is now contained in Chapter 78 of this title.