PENNSYLVANIA, April 1 - 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 Fire and Emergency Medical Services 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

Fire and Emergency Medical Services Loan Program). The reduction

in the interest rate payable shall be from 2% to 1%. Upon

receipt of such notification, the commissioner shall determine

and verify that the consolidated entity is in fact a bona fide

consolidated [volunteer] fire company. If the commissioner

determines that the consolidated entity is a bona fide

consolidated [volunteer] fire company, the commissioner shall

reduce the interest rate payable on any outstanding principal

balance owed to the Fire and Emergency Medical Services 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 commissioner may promulgate such rules

and regulations as may be necessary to carry out the provisions

of this section.

§ 7822. Publication and notice.

The commissioner shall publish notice of the grant program

availability through the Legislative Reference Bureau for

publication in the Pennsylvania Bulletin by August 8 for each

fiscal year. To the greatest extent possible, the commissioner

shall utilize the Commonwealth's Electronic Single Application

for Assistance.

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