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Fund - 74 Pa. Cons. Stat. § 1506Legal Research Home > Pennsylvania Statutes Sponsored Links
§ 1506. Fund.
(a) Establishment.--A special fund is established within the
State Treasury to be known as the Public Transportation Trust
Fund. Money in the fund is hereby appropriated, upon approval of
the Governor, to the department for the purposes set forth under
this chapter.
(b) Deposits to fund by department.--
(1) The following apply:
(i) Except as provided under subparagraph (ii), upon
receipt, the department shall deposit into the fund the
revenues received by the department under 75 Pa.C.S. Ch.
89 (relating to Pennsylvania Turnpike) and the lease
agreement executed between the department and the
Pennsylvania Turnpike Commission under 75 Pa.C.S. §
8915.3 (relating to lease of Interstate 80; related
agreements) as follows:
(A) For fiscal year 2007-2008, $250,000,000.
(B) For fiscal year 2008-2009, $250,000,000.
(C) For fiscal year 2009-2010, $250,000,000.
(D) For fiscal year 2010-2011 and each fiscal
year thereafter, the amount calculated for the
previous fiscal year, increased by 2.5%.
(ii) The deposits made to the fund under this
subsection shall equal $250,000,000 annually for each
fiscal year commencing after the expiration of the
conversion period if the conversion notice is not
received by the secretary prior to expiration of the
conversion period as set forth under 75 Pa.C.S. §
8915.3(3).
(2) Upon receipt, the department shall deposit the
amount made available to the department as an executive
authorization and any appropriation for the 2007-2008 fiscal
year and each fiscal year thereafter from the State Lottery
Fund for fixed route transit and for the Free Transit Program
for Senior Citizens established under the act of August 26,
1971 (P.L.351, No.91), known as the State Lottery Law. The
funds deposited under this paragraph shall only be used as
permitted by the State Lottery Law, except that:
(i) funds may be used to pay estimated transit
losses resulting from providing free service for senior
passengers during the provider's regular hours of
service; and
(ii) fares for senior citizens on commuter rail
service shall be limited to $1 per trip and shall be
extended to all hours of commuter rail service.
(c) Other deposits.--The following shall be deposited into
the fund annually:
(1) 4.4% of the amount collected under Article II of the
Tax Reform Code. Revenues under this paragraph shall be
deposited into the fund by the 20th day of each month for the
preceding month. The amount deposited under this paragraph is
estimated to be equivalent to the money available to the
department from the following sources:
(i) The Supplemental Public Transportation Account
established under former section 1310.1 (relating to
supplemental public transportation assistance funding).
(ii) The amount appropriated annually by the
Commonwealth from the General Fund for mass transit
programs pursuant to a General Appropriations Act.
(2) An amount of proceeds of Commonwealth capital bonds
as determined annually by the Secretary of the Budget.
(3) Revenue in the Public Transportation Assistance Fund
established under Article XXIII of the Tax Reform Code not
otherwise dedicated pursuant to law.
(4) Other appropriations, deposits or transfers to the
fund.
(d) Use of revenues.--Money in the fund shall be used by the
department as follows:
(1) to provide financial assistance through the programs
established under this chapter;
(2) for costs incurred directly by the department in the
administration of public passenger transportation programs,
including under this chapter; and
(3) for all other purposes enumerated under this
chapter.
(e) Program funding amounts.--Subject to available funds,
the programs established under this chapter shall be funded
annually as follows:
(1) For the program established under section 1513
(relating to operating program), the following amounts shall
be allocated from the fund:
(i) All revenues deposited in the fund under
subsection (b)(1).
(ii) All revenues deposited in the fund under
subsection (b)(2).
(iii) 69.99% of the revenues deposited in the fund
under subsection (c)(1).
(iv) All revenues deposited into the fund under
subsection (c)(3).
(2) (i) Except as provided under subparagraph (ii), for
the program established under section 1514 (relating to
asset improvement program):
(A) By the proceeds of Commonwealth capital
bonds deposited into the fund under subsection
(c)(2).
(A.1) For fiscal year 2007-2008, $50,000,000
from the revenues received by the department under 75
Pa.C.S. Ch. 89 and the lease agreement executed
between the department and the Pennsylvania Turnpike
Commission under 75 Pa.C.S. § 8915.3. The amount
received by the department under this section shall
be deposited into the fund prior to distribution and
shall be in addition to the amounts received under
subsection (b)(1).
(B) For fiscal year 2008-2009, $100,000,000 from
the revenues received by the department under 75
Pa.C.S. Ch. 89 and the lease agreement executed
between the department and the Pennsylvania Turnpike
Commission under 75 Pa.C.S. § 8915.3. The amount
received by the department under this section shall
be deposited into the fund prior to distribution and
shall be in addition to the amounts received under
subsection (b)(1).
(C) For fiscal year 2009-2010, $150,000,000 from
the revenues received by the department under 75
Pa.C.S. Ch. 89 and the lease agreement executed
between the department and the Pennsylvania Turnpike
Commission under 75 Pa.C.S. § 8915.3. The amount
received by the department under this section shall
be deposited into the fund prior to distribution and
shall be in addition to the amounts received under
subsection (b)(1).
(D) For fiscal year 2010-2011 and each fiscal
year thereafter, the amount calculated for the prior
fiscal year increased by 2.5% from the revenues
received by the department under 75 Pa.C.S. Ch. 89
and the lease agreement executed between the
department and the Pennsylvania Turnpike Commission
under 75 Pa.C.S. § 8915.3. The amount received by the
department under this section shall be deposited into
the fund prior to distribution and shall be in
addition to the amounts received under subsection
(b)(1).
(ii) If the conversion notice is not received by the
secretary prior to the end of the conversion period as
set forth in 75 Pa.C.S. § 8915.3(3), no additional
allocation shall be made under subparagraph (i).
(3) For the program established under section 1516
(relating to programs of Statewide significance), 13.24% of
the revenues deposited in the fund under subsection (c)(1)
shall be allocated from the fund.
(4) For the program established under section 1517
(relating to capital improvements program), 16.77% of the
revenues deposited in the fund under subsection (c)(1).
Additional funds for this program may be provided from the
funds allocated but not distributed based on the limitation
set forth under section 1513(c)(3).
Cross References. Section 1506 is referred to in sections
1503, 1513, 1515 of this title; section 8915.4 of Title 75
(Vehicles).
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Last modified: November 27, 2007 |