Pennsylvania Department of Community and Economic Development
Encyclopedia
Pennsylvania Department of Community and Economic Development is a cabinet-level state agency in Pennsylvania
.
The Financially Distressed Municipalities Act (Act of 1987, P.L. 246, No. 47), also known as Act 47, empowers the Pennsylvania Department of Community and Economic Development to declare certain municipalities
in Pennsylvania as financially distressed
. Philadelphia and Pittsburgh are subject to separate state authorities, rather than this department.
Pennsylvania
The Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to...
.
The Financially Distressed Municipalities Act (Act of 1987, P.L. 246, No. 47), also known as Act 47, empowers the Pennsylvania Department of Community and Economic Development to declare certain municipalities
Municipality
A municipality is essentially an urban administrative division having corporate status and usually powers of self-government. It can also be used to mean the governing body of a municipality. A municipality is a general-purpose administrative subdivision, as opposed to a special-purpose district...
in Pennsylvania as financially distressed
Financial distress
Financial distress is a term in Corporate Finance used to indicate a condition when promises to creditors of a company are broken or honored with difficulty. Sometimes financial distress can lead to bankruptcy...
. Philadelphia and Pittsburgh are subject to separate state authorities, rather than this department.
See also
- List of Pennsylvania state agencies
- Financially Distressed Municipalities ActFinancially Distressed Municipalities ActThe Financially Distressed Municipalities Act , also known as Act 47, empowers the Pennsylvania Department of Community and Economic Development to declare certain municipalities as financially distressed...
- Pennsylvania Intergovernmental Cooperation AuthorityPennsylvania Intergovernmental Cooperation AuthorityThe Pennsylvania Intergovernmental Cooperation Authority is a special administrative body created by the Commonwealth of Pennsylvania to oversee the finances of the City of Philadelphia....
, applying to Philadelphia - Pittsburgh Intergovernmental Cooperation AuthorityPittsburgh Intergovernmental Cooperation AuthorityThe Pittsburgh Intergovernmental Cooperation Authority is a special administrative body created by the Commonwealth of Pennsylvania to oversee the finances of the City of Pittsburgh.The Pittsburgh ICA was created by the Pennsylvania General Assembly though the Intergovernmental...