the criteria necessary to determine the level of
participation in the Pennsylvania Fire Information Reporting
System to remain eligible for grant funds.
§ 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] 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 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,] commissioner shall determine and verify that
the consolidated entity is in fact a bona fide consolidated
volunteer fire company. If the [agency] commissioner determines
that the consolidated entity is a bona fide consolidated
volunteer fire company, [it] the commissioner 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]
commissioner may promulgate such rules and regulations as may be
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