71 Pa. Stat. § 651.6

Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 651.6 - Allocation of sale proceeds (Adm. Code Section 2406-A)

The proceeds of the sale of real estate under the provisions of section 2405-A shall be paid into the State Treasury, through the Department of Revenue and deposited in the Capital Facilities Redemption Fund, or if the land was acquired by moneys wholly or mainly out of a special fund, such proceeds shall be credited to the proper special fund, and all proceeds of the sale of authority properties shall be paid to the respective fiscal agent of the authority in accordance with the bond resolution. The costs and fees incurred by the Department of General Services, including but not limited to costs of auctions or sales at auction, title searches, notice, surveys and appraisals, shall be deducted from the purchase price and that amount shall be an executively authorized augmentation to the appropriation from which the costs and fees were paid by the department.

71 P.S. § 651.6

1929, April 9, P.L. 177, art. XXIV-A, § 2406-A, added 1981, July 1, P.L. 143, No. 48, § 5, imd. effective. Amended 1996, Feb. 23, P.L. 27, No. 10, § 7, effective 1/1/1996.