§ 17171. Establishment of Regional Destination Facilities Fund.

328 words·~1 min read·/pa/title-16/chapter-171/17171

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(a)Fund established.-- Subject to section 17154(f)(1) (relating to referenda levying additional taxes), the Regional Destination Facilities Fund is established. The treasurer of the authority shall be custodian of the Regional Destination Facilities Fund, which shall be subject to the provisions of law applicable to funds listed in section 302 of the act of April 9, 1929 (P.L.343, No.176), known as The Fiscal Code.

(b)Source of fund money.-- Taxes imposed under Subchapter E (relating to additional sales and use taxes) shall be received by the department and paid to the treasurer of the authority and, along with interest and penalties less any collection costs allowed under Subchapter E and any refunds and credits paid, shall be credited in the manner provided in section 17152(f) (relating to imposition of additional sales and use taxes) to the Regional Destination Facilities Fund not less frequently than every two weeks. Amounts appropriated to the fund by the General Assembly and any contributions received from any other source shall be credited to the Regional Destination Facilities Fund.

(c)Limitation on use of fund money.-- All money in the Regional Destination Facilities Fund, including money credited under this section, prior year encumbrances and interest earned on money in the fund, shall not lapse or be transferred to any other fund, except as provided in section 17172(c) (relating to use of Regional Destination Facilities Fund), but shall remain in the Regional Destination Facilities Fund and must be used exclusively as provided in this chapter.

(d)Interest earnings.-- Pending disbursement, money received on behalf of or deposited into the Regional Destination Facilities Fund shall be invested or reinvested in the same manner as is money in the custody of the State Treasurer. All earnings received from the investment or reinvestment of the money shall be credited to the Regional Destination Facilities Fund.

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Cross References. Section 17171 is referred to in section 17113 of this title.

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