Section 207 - Contribution fund(a) There is hereby created as a special fund in the State Treasury, the Contribution Fund. Such fund shall consist of and there shall be deposited in such fund: (1) all contributions, interest and penalties collected under sections five and six; (2) all moneys appropriated thereto under this act; (3) any property or securities and earnings thereof acquired through the use of moneys belonging to the fund; (4) interest earned upon any moneys in the fund; and (5) all sums recovered upon the bond of the custodian or otherwise for losses sustained by the fund and all other moneys received for the fund from any other source. All moneys in the fund shall be mingled and undivided. Subject to the provisions of this act, the State Agency is vested with full power, authority and jurisdiction over the fund, including all moneys and property or securities belonging thereto, and may perform any and all acts, whether or not specifically designated, which are necessary to the administration thereof and are consistent with the provisions of this act.(b) The Contribution Fund shall be established and held separate and apart from any other funds or moneys of the Commonwealth, and shall be used and administered exclusively for the purpose of this act. Withdrawals from such fund shall be made for and solely for payment of amounts required to be paid to the Federal Agency pursuant to an agreement entered into under section four, payment of refunds provided for in section five (c) of this act, and refunds of overpayments, not otherwise adjustable, made by a political subdivision. Withdrawals may also be made for the payment to school entities of the Commonwealth's portion of the employer's liability for covered employes.(c) From the Contribution Fund the State Treasurer, upon warrant of the State Agency, shall pay to the Federal Agency such amounts and at such time or times as may be directed by the State Agency, in accordance with any agreement entered into under section four and the Social Security Act. The State Treasurer is also authorized to make payments to school entities from the Contribution Fund on warrant of the Department of Education for the Commonwealth's portion of the employer's liability for covered employes. The State Treasurer shall make prompt payment to school entities of the Commonwealth's portion of the employer's liability for covered employes to insure that school entities are not required to advance their own funds to cover the Commonwealth's portion of the employer's liability when the school entities make their payments to the Federal Government.(d)(1) There are hereby authorized to be appropriated biennially to the Contribution Fund, in addition to the contributions collected and paid into the Contribution Fund under sections five and six, to be available for the purposes of section seven (b) and (c) until expended, such additional sums as are found to be necessary in order to make the payments to the Federal Agency which the Commonwealth is obligated to make pursuant to an agreement entered into under section four.(2) The State Agency shall submit to each regular session of the General Assembly, at least ninety (90) days in advance of the beginning of such session, an estimate of the amounts authorized to be appropriated to the Contribution Fund by clause (1) of this subsection for the next fiscal biennium.1952, Jan. 5, P.L. (1951) 1833, § 7. Amended 1956, June 1, P.L. (1955) 1973, § 7; 1986, Dec. 15, P.L. 1615, No. 182, § 1, imd. effective.