Section 3000.3021 - Establishment of Regional Growth Fund(a) There is hereby established the Regional Growth Fund. The treasurer of the authority shall be custodian of the Regional Growth Fund which shall be subject to the provisions of law applicable to funds listed in section 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 such sections and any refunds and credits paid, shall be credited in the manner provided in section 3052(f) to the Regional Growth Fund not less frequently than every two weeks. There shall also be credited to the Regional Growth Fund any amounts appropriated to it by the General Assembly and any contributions received from any other source.(c) A special account shall be established within the Regional Growth Fund for each participating county. All of the taxes, interest and penalties that are collected under section 3052 from a particular county and deposited in the Regional Growth Fund in accordance with section 3052(f) shall be credited to the special account for that county. All of the moneys in a county account must be spent on projects located in whole or in part within that county unless the governing body of that county authorizes by resolution the use of a portion of the moneys in its county account for a regional project located outside of the county.(d) The authority may also establish other special accounts within the Regional Growth Fund to which shall be credited any amounts appropriated to the Regional Growth Fund by the General Assembly and any contributions received from any other source. Moneys in such special accounts shall be used for eligible projects in a participating county as determined by the board, subject to any limitations imposed by the source of the moneys.(e) All moneys in the Regional Growth 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, but shall remain in the Regional Growth Fund, and must be used exclusively as provided in this article.(f) Pending their disbursement, moneys received on behalf of or deposited into the Regional Growth 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 Growth Fund, and shall be allocated on a proportional basis to each special account within the Regional Growth Fund.1955, August 9, P.L. 323, No. 130, § 3021, added 1997, June 18, P.L. 179, No. 18, § 4, imd. effective.