Pennsylvania · Through 2024-09-13 (Statute Update stamp, 64 Pa.C.S.)

64 Pa.C.S. § 1544: Use.

Where this section sits in the code

Title 64 - PUBLIC AUTHORITIES AND QUASI-PUBLIC CORPORATIONS
PART II ECONOMIC DEVELOPMENT FINANCING
CHAPTER 15 COMMONWEALTH FINANCING AUTHORITY
SUBCHAPTER D ACCOUNTS, INDEBTEDNESS AND USE

(a) General rule.--Money of the authority shall be used by the board to fund the programs established in Subchapter E (relating to programs) and in 12 Pa.C.S. Ch. 29 (relating to machinery and equipment loans).

(b) Transfer.--By December 31, 2006, the authority shall transfer in the aggregate $75,000,000 to the department for deposit in the account created by 12 Pa.C.S. § 2904 (relating to Machinery and Equipment Loan Fund).

(c) Administrative expenses.--The authority may use moneys, including the proceeds of bonds, to pay the administrative expenses of the authority and of the department incurred under this chapter.

Collected 2026-09-02T16:34:53Z. Source file · JSON

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