4. Initial payment. (a) Commission payment required.-- Within 20 days after the effective date of this section, the commission shall pay
Pennsylvania Consolidated Statutes
Section: 89154
Jurisdiction: PA
Bluebook Citation: 75 Pa. Cons. Stat. § 89154
§ 8915.4. Initial payment. (a) Commission payment required.-- Within 20 days after the effective date of this section, the commission shall pay
to the department an amount equal to $62,500,000, which shall be deposited into the
Public Transportation Trust Fund. The amount paid shall represent 25% of the amount
the department is required to deposit into the Public Transportation Trust Fund under
74 Pa.C.S. § 1506(b)(1)(i)(A) (relating to fund) and is payable by the commission
under the lease agreement. (b) Use of payment.-- The department shall allocate the funds received under subsection (a) pursuant to
74 Pa.C.S. Ch. 15 (relating to sustainable mobility options). (c) Credits.-- The payment made by the commission under this section shall be credited against the
total amount payable by the commission under the lease agreement for the 2007-2008
fiscal year. (July 18, 2007, P.L.169, No.44, eff. imd.) 2007 Amendment. Act 44 added section 8915.4.
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