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§ 1602-K. Transfers of funds

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: June 22, 2018

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 72 P.S. Taxation and Fiscal Affairs
Chapter 1. The Fiscal Code (Refs & Annos)
Article XVI-K. Business in Our Sites Program Account (Refs & Annos)
Effective: June 22, 2018
72 P.S. § 1602-K
§ 1602-K. Transfers of funds
Currentness
The authority shall make all of the following transfers:
(1) $50,000,000 from the First Industries Program account established under 64 Pa.C.S. § 1542(b) (relating to revolving loan program accounts) to the Business In Our Sites Program account established under 64 Pa.C.S. § 1542(a), subject to the provisions of any pledge to or agreement made by the authority with or for the benefit of obligees of the authority.
(2) $25,000,000 from the trust account established under 64 Pa.C.S. § 1541 (relating to trust accounts) for the Building Pennsylvania program to the Business In Our Sites Program account established under 64 Pa.C.S. § 1542(a), subject to the provisions of any pledge to or agreement made by the authority with or for the benefit of obligees of the authority.
(3) In fiscal year 2018-2019, $10,000,000 from the First Industries Program account established under 64 Pa.C.S. § 1542(b) to the Business In Our Sites Program account established under 64 Pa.C.S. § 1542(a), subject to the provisions of any pledge to or agreement made by the authority with or for the benefit of obligees of the authority.
(4) In fiscal year 2018-2019, $35,000,000 from the trust account established under 64 Pa.C.S. § 1541 for the Building Pennsylvania program to the Business In Our Sites Program account established under 64 Pa.C.S. § 1542(a), subject to the provisions of any pledge to or agreement made by the authority with or for the benefit of obligees of the authority.

Credits

1929, April 9, P.L. 343, No. 176, art. XVI-K, § 1602-K, added 2016, July 13, P.L. 664, No. 85, § 9.4, imd. effective. Amended 2018, June 22, P.L. 281, No. 42, § 8, imd. effective.
72 P.S. § 1602-K, PA ST 72 P.S. § 1602-K
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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