§ 1703-A. Disposition of Budget Stabilization Reserve Fund
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: November 23, 2020
Effective: November 23, 2020
72 P.S. § 1703-A
§ 1703-A. Disposition of Budget Stabilization Reserve Fund
(1) Money from the Budget Stabilization Reserve Fund be appropriated only when emergencies involving the health, safety or welfare of the residents of this Commonwealth or downturns in the economy resulting in significant unanticipated revenue shortfalls cannot be dealt with through the normal budget process.
(b) Appropriation.-- Except as provided under subsection (c), whenever the Governor determines that an appropriation from the Budget Stabilization Reserve Fund is necessary to meet emergencies involving the health, safety or welfare of the residents of this Commonwealth or to counterbalance downturns of the economy which result in significant unanticipated revenue shortfalls, the Governor shall present a request for an appropriation which may include the specifics of the proposal and suggested ancillary and substantive legislation as may be necessary to the chairman of Appropriations Committee of the Senate and the chairman of the Appropriations Committee of the House of Representatives. The General Assembly may then through approval of a separate appropriation bill by a vote of two-thirds of the members elected to the Senate and the House of Representatives appropriate money from the Budget Stabilization Reserve Fund to meet the needs identified in the Governor's proposal. Any money appropriated according to this section which has then lapsed shall be returned to the Budget Stabilization Reserve Fund.
Credits
1929, April 9, P.L. 343, No. 176, art. XVII-A, § 1703-A, added 2002, June 29, P.L. 614, No. 91, § 18, effective July 15, 2002. Amended 2020, Nov. 23, P.L. 1140, No. 114, § 4, imd. effective.
72 P.S. § 1703-A, PA ST 72 P.S. § 1703-A
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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