16 Pa. Stat. § 3000.3071

Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 3000.3071 - Establishment of Regional Destination Facilities Fund
(a) Subject to section 3054(f)(1) , there is established the Regional Destination Facilities Fund. The treasurer of the authority shall be custodian of the Regional Destination Facilities Fund, which shall be subject to the provisions of law applicable to funds listed insection 302 of the act of April 9, 1929 (P.L. 343, No. 176), known as "The Fiscal Code."
(b) Taxes imposed under sections 3051 through 3057 shall be received by the department and paid to the treasurer of the authority and, along with interest and penalties less any collection costs allowed under those sections and any refunds and credits paid, shall be credited in the manner provided insection 3052(f) to the Regional Destination Facilities Fund not less frequently than every two weeks. There shall also be credited to the Regional Destination Facilities Fund any amounts appropriated to it by the General Assembly and any contributions received from any other source.
(c) All moneys in the Regional Destination Facilities Fund, including, but not limited to, moneys credited to it under this section, prior year encumbrances and the interest earned thereon, shall not lapse or be transferred to any other fund, except as provided in section 3072(c) , but shall remain in the Regional Destination Facilities Fund and must be used exclusively as provided in this article.
(d) Pending their disbursement, moneys received on behalf of or deposited into the Regional Destination Facilities Fund shall be invested or reinvested in the same manner as are moneys in the custody of the State Treasurer. All earnings received from the investment or reinvestment of the moneys shall be credited to the Regional Destination Facilities Fund.

16 P.S. § 3000.3071

1955, August 9, P.L. 323, No. 130, § 3071, added 1997, June 18, P.L. 179, No. 18, § 4, imd. effective.