{"data":{"id":"us-pa/12-pa.c.s.-3010","jurisdiction":"us-pa","citation":"12 Pa.C.S. § 3010","heading":"Limitations.","body":"A loan may not be recommended or approved if the proceeds of the loan could do any of the following:\n(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.\n(2) Refinance any portion of the total cost of an industrial development project, industrial park or multiple-tenancy building project or other existing loans or debt.\n(3) Finance an industrial development project, industrial park or multiple-tenancy building project located outside the geographic boundaries of this Commonwealth.\n(4) Provide funds, directly or indirectly, for payment distribution or as loan owners, partners or shareholders of a small business, except as ordinary compensation for services rendered.\n(5) Provide funds for speculation in real or personal property, whether tangible or intangible.","path":["Title 12 - COMMERCE AND TRADE","PART III ECONOMIC DEVELOPMENT PROGRAMS","CHAPTER 30 PENNSYLVANIA INDUSTRIAL DEVELOPMENT PROGRAM"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=12\u0026div=0\u0026chpt=30\u0026sctn=10\u0026subsctn=0","current_through":"2026-08-31 (Statute Update stamp, 12 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:30:58Z","sha256":"fc4ea15667d0f58b8c9c3b181794036a17854b2799c6d587d6dddff0e2d7f99c","source_id":"us-pa","stale":false,"prev":"us-pa/12-pa.c.s.-3009","next":"us-pa/12-pa.c.s.-3011"},"notice":"GroundRules: Original legal text. Not legal advice."}