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Fund and accounts - 12 Pa. Cons. Stat. § 2304

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     § 2304.  Fund and accounts.
        (a)  Fund.--The Small Business First Fund, created under
     section 1302(a) of the act of June 29, 1996 (P.L.434, No.67),
     known as the Job Enhancement Act, is continued. The Treasury
     Department shall credit the following to the fund:
            (1)  Appropriations made by the General Assembly to the
        department for the program.
            (2)  Federal funds made available under the Public Works
        and Economic Development Act of 1965 (Public Law 89-136, 42
        U.S.C. § 3121 et seq.) or any other Federal statute,
        regulation or program for the program.
            (3)  Payments from recipients of loans made from the
        fund.
            (4)  Payments from recipients of loans made under the
        former act of July 2, 1984 (P.L.545, No.109), known as the
        Capital Loan Fund Act.
            (5)  Interest income derived from investment of the money
        in the fund.
            (6)  Any other deposits, payments or contributions from
        any other source made available to the department for the
        program.
        (b)  Pollution prevention assistance.--The Pollution
     Prevention Assistance Account, created under the act of June 29,
     1996 (P.L.434, No.67), known as the Job Enhancement Act, is
     continued. The Treasury Department shall credit the following to
     this account:
            (1)  Appropriations made by the General Assembly to the
        department for pollution prevention assistance.
            (2)  Payments from recipients of loans made from the
        Pollution Prevention Assistance Account.
            (3)  Transfers from the Hazardous Sites Cleanup Fund as
        established in section 602.3 of the act of March 4, 1971
        (P.L.6, No.2), known as the Tax Reform Code of 1971.
            (4)  Interest income derived from investment of the money
        in the Pollution Prevention Assistance Account.
            (5)  Any other deposits, payments or contributions from
        any other source made available to the department for
        pollution prevention assistance.
        (c)  Use of fund.--
            (1)  Money in the fund may be used as follows:
                (i)  By the department to make loans in accordance
            with this chapter and for administrative costs of the
            department in administering the program.
                (ii)  By area loan organizations for administrative
            costs associated with the program which are approved by
            the department.
            (2)  Money from the fund derived from appropriations
        specified for export financing assistance may be deposited by
        the department in banks or trust companies in special
        accounts. The special accounts must be continuously secured
        by a pledge of direct obligations of the United States or of
        the Commonwealth having an aggregate market value, exclusive
        of accrued interest, at least equal to the balance on deposit
        in the account. The securities shall be deposited with the
        department to be held by a trustee or agent satisfactory to
        the department. Banks and trust companies are authorized to
        give security under this paragraph. Money in these special
        accounts shall be paid out on order of the department.
        (d)  Use of Pollution Prevention Assistance Account.--Money
     in the Pollution Prevention Assistance Account may be used by
     the department to provide loans to small businesses for the
     adoption or installation of pollution-prevention or energy-
     efficient equipment or processes in accordance with section 2309
     (relating to pollution prevention assistance loans).

        Cross References.  Section 2304 is referred to in sections
     2302, 2310 of this title.

Last modified: November 27, 2007