§ 1506. Fund
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 74 Pa.C.S.A. TransportationEffective: July 1, 2014
Effective: July 1, 2014
74 Pa.C.S.A. § 1506
§ 1506. Fund
(i) Upon receipt, the department shall deposit into the fund the revenues received by the department under 75 Pa.C.S. Ch. 89 (relating to Pennsylvania Turnpike) and the lease agreement executed between the department and the Pennsylvania Turnpike Commission under 75 Pa.C.S. § 8915.3 (relating to lease of Interstate 80; related agreements).
(2) Upon receipt, the department shall deposit the amount made available to the department as an executive authorization and any appropriation for the 2007-2008 fiscal year and each fiscal year thereafter from the State Lottery Fund for fixed route transit and for the Free Transit Program for Senior Citizens established under the act of August 26, 1971 (P.L. 351, No. 91),1 known as the State Lottery Law. The funds deposited under this paragraph shall only be used as permitted by the State Lottery Law, except that:
(1) 4.4% of the amount collected under Article II of the Tax Reform Code.2 Revenues under this paragraph shall be deposited into the fund by the 20th day of each month for the preceding month. The amount deposited under this paragraph is estimated to be equivalent to the money available to the department from the following sources:
(3) Revenue in the Public Transportation Assistance Fund established under Article XXIII of the Tax Reform Code3 not otherwise dedicated pursuant to law.
(3.4) For fiscal year 2022-2023 and each fiscal year thereafter, an amount equal to the amount collected under Article II of the Tax Reform Code, multiplied by the ratio that $450,000,000 is to the total amount collected under Article II of the Tax Reform Code in the fiscal year ending June 30, 2021, or $450,000,000, whichever is greater, shall be transferred to the fund. The source of the transfer shall be the revenue collected under section 238 of the Tax Reform Code4 on motor vehicles, trailers and semi-trailers.
Credits
2007, July 18, P.L. 169, No. 44, § 3, retroactive effective July 1, 2007. Amended 2013, Nov. 25, P.L. 974, No. 89, § 6.
74 Pa.C.S.A. § 1506, PA ST 74 Pa.C.S.A. § 1506
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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