Nov 12, 2009 5:04 pm US/Eastern
Reading, Pa., Gets Help From State Program
READING, Pa. (AP) ―
Pennsylvania has accepted the city of Reading into the state's protection program for distressed municipalities.
Department of Community and Economic Development Secretary George Cornelius announced the decision Thursday. But he says the Act 47 program will only serve as a stopgap solution until the Legislature changes state regulations that he says handcuff cities.
Act 47 is a state law that provides state oversight to municipalities and access to low-interest loans to help them recover.
___
Information from: Reading Eagle, http://www.readingeagle.com/
(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)