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Interest reserve account - 71 Pa. Cons. Stat. § 5939

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     § 5939.  Interest reserve account.
        The interest reserve account shall be the ledger account to
     which shall be credited all income earned by the fund and to
     which shall be charged all administrative and investment
     expenses incurred by the fund. At the end of each year the
     required interest shall be transferred from the interest reserve
     account to the credit of each of the accounts in accordance with
     the provisions of this subchapter. In addition, at the end of
     each accounting period, the interest reserve account shall be
     credited or charged with all recognized changes in the market
     valuation of the investments of the fund. The administrative and
     investment expenses of the board shall be paid from the fund out
     of earnings. Any surplus or deficit in the interest reserve
     account at the end of each year shall be transferred to the
     State accumulation account.
     (Mar. 4, 1982, P.L.141, No.45, eff. imd.)

        Cross References.  Section 5939 is referred to in section
     5932 of this title.

Last modified: November 27, 2007