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§ 8915.4. Initial payment

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 75 Pa.C.S.A. VehiclesEffective: July 1, 2007

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 75 Pa.C.S.A. Vehicles (Refs & Annos)
Part VI. Miscellaneous Provisions
Chapter 89. Pennsylvania Turnpike (Refs & Annos)
Subchapter B. Turnpike Extensions and Improvements
Effective: July 1, 2007
75 Pa.C.S.A. § 8915.4
§ 8915.4. Initial payment
Currentness
(a) Commission payment required.--Within 20 days after the effective date of this section, the commission shall pay to the department an amount equal to $62,500,000, which shall be deposited into the Public Transportation Trust Fund. The amount paid shall represent 25% of the amount the department is required to deposit into the Public Transportation Trust Fund under 74 Pa.C.S. § 1506(b)(1)(i)(A) (relating to fund) and is payable by the commission under the lease agreement.
(b) Use of payment.--The department shall allocate the funds received under subsection (a) pursuant to 74 Pa.C.S. Ch. 15 (relating to sustainable mobility options).
(c) Credits.--The payment made by the commission under this section shall be credited against the total amount payable by the commission under the lease agreement for the 2007-2008 fiscal year.

Credits

2007, July 18, P.L. 169, No. 44, § 7, retroactive effective July 1, 2007.
75 Pa.C.S.A. § 8915.4, PA ST 75 Pa.C.S.A. § 8915.4
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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