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§ 1726-K. Fund transfers

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: July 1, 2019

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 72 P.S. Taxation and Fiscal Affairs
Chapter 1. The Fiscal Code (Refs & Annos)
Article XVII-K. 2019-2020 Restrictions on Appropriations for Funds and Accounts (Refs & Annos)
Effective: July 1, 2019
72 P.S. § 1726-K
§ 1726-K. Fund transfers
Currentness
(a) Transfer to retirement system accounts.--From the funds received under the authority of Article III of the act of March 4, 1971 (P.L. 6, No. 2),1 known as the Tax Reform Code of 1971, the sum of $3,852,000 shall be transferred to the account established under section 1799.7-E.2
(b) Transfer to School Safety and Security Fund.--No later than September 1, 2020, the sum of $45,000,000 shall be transferred to the School Safety and Security Fund in the State Treasury from funds received under the authority of Article III of the Tax Reform Code of 1971.
(c) Transfer to Environmental Stewardship Fund.--From funds received under the authority of Article III of the Tax Reform Code of 1971, the sum of $20,000,000 shall be transferred to the Environmental Stewardship Fund.
(d) Transfer to Commonwealth Financing Authority.--
(1) From the First Industries Program account established under 64 Pa.C.S. § 1542 (relating to revolving loan program accounts), the sum of $5,000,000 shall be transferred to an account to be established in the Commonwealth Financing Authority for research and development, organic transition, value-added processing and marketing grants in support of Pennsylvania's dairy industry.
(2) Guidelines.--The authority shall adopt guidelines for the approval of applications under this subsection and shall ensure that grants are made available to all geographic areas of this Commonwealth.
(e) Transfer to Commonwealth Financing Authority.--
(1) From the trust account established under 64 Pa.C.S. § 1541 (relating to trust accounts) for the Building Pennsylvania Program, $12,000,000 shall be transferred to an account to be established in the Commonwealth Financing Authority for blight remediation, including hazard mitigation, within this Commonwealth.
(2) The authority shall adopt guidelines for the approval of applications under this subsection and shall ensure that grants are made available to all geographic areas of this Commonwealth.
(f) Transfer to Commonwealth Financing Authority.--From the trust account established under 64 Pa.C.S. § 1541 for the New Pennsylvania Venture Capital Program, $24,000,000 shall be made available for distribution under the act of July 9, 2008 (P.L. 908, No. 63),3 known as the H2O PA Act.
(g) Transfer to Department of Environmental Protection or Department of Conservation and Natural Resources.--Notwithstanding any other provisions of law, the Secretary of the Budget may transfer amounts available in special funds under the Governor's jurisdiction in amounts not to exceed $45,000,000 to augment the operations of the Department of Environmental Protection or the Department of Conservation and Natural Resources. Prior to making a transfer under this subsection, the Secretary of the Budget shall transmit notice of the amount to be transferred to the Legislative Reference Bureau for publication in the Pennsylvania Bulletin and provide notice to the chairperson and minority chairperson of the Appropriations Committee of the Senate and the chairperson and the minority chairperson of the Appropriations Committee of the House of Representatives.

Credits

1929, April 9, P.L. 343, No. 176, art. XVII-K, § 1726-K, added 2019, June 28, P.L. 173, No. 20, § 22, effective July 1, 2019.

Footnotes

1
72 P.S. § 7301 et seq.
2
72 P.S. § 1799.7-E.
3
32 P.S. § 694.101 et seq.
72 P.S. § 1726-K, PA ST 72 P.S. § 1726-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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