Pennsylvania § 3905 - Award and administration of loans.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 3905 — Award and administration of loans., with citation guidance and answers to common questions.
§ 3905. Award and administration of loans.
(a) Award.--
(1) Upon being notified that a loan has been approved under 64 Pa.C.S. § 1558(d) (relating to Water Supply and Wastewater Infrastructure Program) for an applicant, the department shall enter into a contract with the applicant. The contract shall be for the amount approved and shall specify the terms of the loan in accordance with all of the following:
(i) A loan shall be at an interest rate not to exceed 2%.
(ii) A loan shall be for a term not to exceed 20 years.
(2) Upon entering into a contract with the applicant, the department shall award the loan for the amount specified in the contract.
(b) Administration.--Loans made under this section shall be administered by the department. Loan payments received by the department for a loan awarded under this section shall be deposited in the General Fund.
Source: official Pennsylvania text · Last verified 2026-08-27
Frequently Asked Questions About Pennsylvania § 3905
What does Pennsylvania Consolidated Statutes § 3905 cover?
Section 3905 ("Award and administration of loans.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Pennsylvania § 3905?
A common citation format is "Pennsylvania Consolidated Statutes § 3905" (Pennsylvania). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 3905 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Pennsylvania.