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§ 301.4. Segregation of duties

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: July 4, 2008

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 72 P.S. Taxation and Fiscal Affairs
Chapter 1. The Fiscal Code (Refs & Annos)
Article III. Treasury Department
Effective: July 4, 2008
72 P.S. § 301.4
§ 301.4. Segregation of duties
(a) A person who provides financial services to the Treasury Department shall not benefit directly or indirectly from the investment actions of the Treasury Department except as provided in the contract for the provision of those services. No person providing financial services shall knowingly do indirectly that which is directly prohibited by this section.
(b) A violation of this section constitutes a misdemeanor of the third degree.
(c) For the purposes of this section, “financial services” shall include, but not be limited to, the providing of investment advice and management of investments.

Credits

1929, April 9, P.L. 343, No. 176, art. III, § 301.4, added 2008, July 4, P.L. 629, No. 53, § 2, imd. effective.
72 P.S. § 301.4, PA ST 72 P.S. § 301.4
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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