Section 1602-K - Transfers of funds.The authority shall make all of the following transfers:
(1) $50,000,000 from the First Industries Program Account established under 64 Pa.C.S. § 1542(b) (relating to revolving loan program accounts) to the Business In Our Sites Program Account established under 64 Pa.C.S. § 1542(a), subject to the provisions of any pledge to or agreement made by the authority with or for the benefit of obligees of the authority.(2) $25,000,000 from the trust account established under 64 Pa.C.S. § 1541 (relating to trust accounts) for the Building Pennsylvania Program to the Business In Our Sites Program account established under 64 Pa.C.S. § 1542(a), subject to the provisions of any pledge to or agreement made by the authority with or for the benefit of obligees of the authority.(3) In fiscal year 2018-2019, $10,000,000 from the First Industries Program Account established under 64 Pa.C.S. § 1542(b) to the Business In Our Sites Program Account established under 64 Pa.C.S. § 1542(a), subject to the provisions of any pledge to or agreement made by the authority with or for the benefit of obligees of the authority.(4) In fiscal year 2018-2019, $35,000,000 from the trust account established under 64 Pa.C.S. § 1541 for the Building Pennsylvania Program to the Business In Our Sites Program Account established under 64 Pa.C.S. § 1542(a), subject to the provisions of any pledge to or agreement made by the authority with or for the benefit of obligees of the authority.Amended by P.L. TBD 2018 No. 42, § 8, eff. 6/22/2018.Added by P.L. TBD 2016 No. 85, § 9.4, eff. 7/13/2016.