§ 8917. Financial plan
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 75 Pa.C.S.A. VehiclesEffective: July 1, 2007
Effective: July 1, 2007
75 Pa.C.S.A. § 8917
§ 8917. Financial plan
(2) The financial plan shall demonstrate that the operation of the commission in accordance with the plan can reasonably be anticipated to result in the commission having unencumbered funds during the ensuing and future fiscal years of the commission sufficient to make the payments due to the department under this chapter and the lease agreement for the ensuing and future fiscal years after all other obligations of the commission have been met. Financial plans prepared after June 1, 2008, shall also describe any deviations that occurred from the financial plan for the prior fiscal year of the commission and the reasons for the deviations.
(b) Receipt.--If the Secretary of the Budget receives the financial plan by the date required under subsection (a), the commission shall be authorized to conduct its operations in accordance with the plan. The financial plan may not be amended by the commission unless the commission notifies the secretary in writing of the amendment.
Credits
2007, July 18, P.L. 169, No. 44, § 7, retroactive effective July 1, 2007.
75 Pa.C.S.A. § 8917, PA ST 75 Pa.C.S.A. § 8917
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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