Pennsylvania § 7824 - Consolidation incentive.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 7824 — Consolidation incentive., with citation guidance and answers to common questions.
§ 7824. Consolidation incentive.
After January 1, 2020, if two or more emergency medical services companies consolidate their use of facilities, equipment and services, the consolidated entity may, upon notification of the commissioner, 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 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 emergency medical services company. If the commissioner determines that the consolidated entity is a bona fide consolidated emergency medical services 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 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.
(Oct. 29, 2020, P.L.739, No.91, eff. 60 days)
2020 Amendment. Act 91 added section 7824.
SUBCHAPTER C.1
COVID-19 CRISIS FIRE COMPANY AND
EMERGENCY MEDICAL SERVICES GRANT PROGRAM
Sec.
7827.1. Establishment.
7827.2. Publication and notice.
7827.3. Award of grants.
Enactment. Subchapter C.1 was added May 29, 2020, P.L.207, No.26, effective immediately.
Cross References. Subchapter C.1 is referred to in sections 7832.2, 7892 of this title.
Frequently Asked Questions About Pennsylvania § 7824
What does Pennsylvania Consolidated Statutes § 7824 cover?
Section 7824 ("Consolidation incentive.") 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 § 7824?
A common citation format is "Pennsylvania Consolidated Statutes § 7824" (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 § 7824 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.