§ 8915.4. Initial payment.
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§ 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.
75c8915.4v
(July 18, 2007, P.L.169, No.44, eff. imd.)
2007 Amendment. Act 44 added section 8915.4.
75c8915.5s