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§ 1712-A.1. Establishment of special fund and account

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: December 13, 2023

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 72 P.S. Taxation and Fiscal Affairs
Chapter 1. The Fiscal Code (Refs & Annos)
Article XVII-a.1. Additional Special Funds and Restricted Accounts (Refs & Annos)
Subarticle B. Tobacco Settlement Fund
Effective: December 13, 2023
72 P.S. § 1712-A.1
Formerly cited as PA ST 35 P.S. § 5701.303
§ 1712-A.1. Establishment of special fund and account
Currentness
(a) Tobacco Settlement Fund.--
(1) There is established a special fund known as the Tobacco Settlement Fund.
(2) The following shall be deposited into the Tobacco Settlement Fund:
(i) Except for deposits in the Tobacco Revenue Bond debt service account under section 2805(b) of the act of March 4, 1971 (P.L. 6, No. 2),1 known as the Tax Reform Code of 1971, all payments received by the Commonwealth pursuant to the Master Settlement Agreement shall be deposited by the Treasury Department in the fund.
(ii) For fiscal years 2019-2020, 2020-2021, 2021-2022, 2022-2023 and 2023-2024, an amount equal to the annual debt service due in the fiscal year as certified by the Secretary of the Budget pursuant to section 28042 of the Tax Reform Code of 1971, as published in the Pennsylvania Bulletin on March 3, 2018, at 48 Pa.B. 1406, shall be transferred to the fund from the taxes collected under Article XII3 of the Tax Reform Code of 1971 by April 30 following the beginning of the fiscal year. A deposit under this paragraph shall occur prior to the deposits and transfers under section 12964 of the Tax Reform Code of 1971.
(b) Health Account.--There is established within the fund the Health Endowment Account for Long-Term Hope.
(c) Health Venture Investment Account.--There is established within the fund the Health Venture Investment Account.

Credits

1929, April 9, P.L. 343, No. 176, art. XVII-A.1, § 1712-A.1, added 2013, July 18, P.L. 574, No. 71, § 14, imd. effective. Amended 2019, June 28, P.L. 173, No. 20, § 10, effective July 1, 2019; 2020, May 29, P.L. 158, No. 23, § 5, effective July 1, 2020; 2021, June 30, P.L. 62, No. 24, § 13, effective July 1, 2021; 2022, July 11, P.L. 540, No. 54, § 21, imd. effective; 2023, Dec. 13, P.L. 251, No. 34, § 11, imd. effective.

Footnotes

1
72 P.S. § 9805.
2
72 P.S. § 9804.
3
72 P.S. § 8201 et seq.
4
72 P.S. § 8296.
72 P.S. § 1712-A.1, PA ST 72 P.S. § 1712-A.1
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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