8915.4 - Initial payment. - Pennsylvania Statutes

§ 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. Section 11.1 of Act 44 provided that Act 44 shall apply retroactively to July 1, 2007.