64 Pa. C.S. § 1544

Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 1544 - 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.

64 Pa.C.S. § 1544

2004, April 1, P.L. 163, No. 22, § 1, imd. effective.