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Funds - 12 Pa. Cons. Stat. § 3906

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     § 3906.  Funds.
        (a)  Proceeds.--Proceeds of the borrowing authorized by the
     electors pursuant to the act of February 12, 2004 (P.L.72,
     No.10), known as the Water and Wastewater Treatment Project Bond
     Act, shall be deposited in the fund.
        (b)  Fund.--
            (1)  The Water Supply and Wastewater Treatment Fund is
        established as a restricted fund in the State Treasury.
            (2)  The fund shall be used in accordance with the
        following:
                (i)  $200,000,000 shall be used by the department to
            fund grants and loans in accordance with this chapter.
                (ii)  $50,000,000 shall be used by the Pennsylvania
            Infrastructure Investment Authority to finance projects
            of existing water and wastewater systems which, when
            complete, do any of the following:
                    (A)  Repair, rehabilitate or modernize existing
                water or wastewater systems to meet environmental or
                public health standards.
                    (B)  Eliminate existing combined or sanitary
                wastewater overflow problems.
                    (C)  Construct water or wastewater infrastructure
                to improve public health or eliminate environmental
                concerns.
                    (D)  Construct wastewater infrastructure
                utilizing nutrient reduction technology.
        (c)  Sinking Fund.--The Water Supply and Wastewater Treatment
     Sinking Fund is established to make principal and interest
     payments under section 3907(d) (relating to Commonwealth
     indebtedness).

        Cross References.  Section 3906 is referred to in section
     3902 of this title.

Last modified: November 27, 2007