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§ 1755-A.1. Contributions to fund

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: November 29, 2017

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 F. First Chance Trust Fund (Refs & Annos)
Effective: November 29, 2017
72 P.S. § 1755-A.1
§ 1755-A.1. Contributions to fund
Currentness
(a) Department procurement.--The following apply:
(1) Within six months of the effective date of this section, the department shall include a requirement in a notice for invitations for bids under 62 Pa.C.S. § 512 (relating to competitive sealed bidding), a notice of request for proposals under 62 Pa.C.S. § 513 (relating to competitive sealed proposals) and a notice for sole source procurement under 62 Pa.C.S. § 515 (relating to sole source procurement), if the contract dollar threshold is expected to exceed $5,000,000 annually, that the selected contractor contribute the equivalent value of 1% of the annual contract amount to the fund no later than June 30 of any fiscal year when the contract is in effect. The department may withhold the equivalent of 1% of the annual contract amount and remit the money to the fund on behalf of the selected contractor in order to effectuate the contribution.
(2) Upon prior approval by the Secretary of Corrections, the department may waive the contribution requirement under paragraph (1).
(b) Commonwealth agency procurement.--Within six months of the effective date of this section, a Commonwealth agency may include a requirement in a notice for invitations for bids under 62 Pa.C.S. § 512, a notice of request for proposals under 62 Pa.C.S. § 513 and a notice for sole source procurement under 62 Pa.C.S. § 515, if the contract dollar threshold is expected to exceed $5,000,000 annually, that the selected contractor contribute the equivalent value of 1% of the annual contract amount to the fund no later than June 30 of any fiscal year when the contract is in effect. The Commonwealth agency may withhold payment equivalent of 1% of the annual contract amount and remit the payment to the fund on behalf of the selected contractor in order to effectuate the contribution.
(c) Use.--Contributions under subsections (a) and (b) shall be deposited into the fund and shall only be used for the purposes set forth in section 1754-A.1(c).
(d) Deposits.--Within 15 days of the last day of each month, the commission and the Office of the Budget, in consultation with the State Treasurer, shall compute the total amount of revenue from all sources received by the Commonwealth during the immediately preceding month which shall be deposited into the fund by the State Treasurer in accordance with this subarticle.

Credits

1929, April 9, P.L. 343, No. 176, art. XVII-A.1, § 1755-A.1, added 2017, Oct. 30, P.L. 725, No. 44, § 12.1, effective in 30 days [Nov. 29, 2017].
72 P.S. § 1755-A.1, PA ST 72 P.S. § 1755-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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