72 P.S. § 1726-M Fund Transfers.

• Library: Pennsylvania Statutes
• Edition: 2023
• Currency: Current through P.A. Acts 2023-27
• Year: 2023
• Citation: 72 P.S. § 1726-M

(a) Transfer to School Safety and Security Fund.--Of the amount appropriated to the Department of Education for COVID-ESSER-SEA in fiscal year 2019-2020, $49,762,000 shall be transferred to the School Safety and Security Fund.

(b) Transfer to Environmental Stewardship Fund.--From funds received under the authority of Article III of the act of March 4, 1971 ( P.L. 6, No.2), known as the Tax Reform Code of 1971, the sum of $13,782,000 shall be transferred to the Environmental Stewardship Fund.

(c) Transfer to Property Tax Relief Fund.--

(1) If the Secretary of the Budget determines the May 19, 2020, revised certification under section 503 of the act of June 27, 2006 (1st Sp.Sess., P.L. 1873, No.1), known as the Taxpayer Relief Act, is insufficient to generate $621,000,000 for Statewide property tax relief, the Secretary of the Budget is authorized to transfer up to $200,000,000 from money received under the authority of Article III of the Tax Reform Code of 1971 to the Property Tax Relief fund. If the Secretary of the Budget determines a transfer is necessary, the Secretary of the Budget shall issue a revised certification under section 503 of the Taxpayer Relief Act.

(2) The amount transferred under paragraph (1) by the Secretary of the Budget is appropriated to the Department of Education. The Department of Education shall combine the amount transferred under paragraph (1) with other funds available for property tax relief payments and shall make distributions to school districts under sections 324 and 505 of the Taxpayer Relief Act. The Secretary of the Budget may not transfer an amount more than is necessary to provide $621,000,000 of Statewide property tax relief, including other funds available for property tax relief payments.

(d) Transfers to General Fund.--The following shall apply:

(1) From funds deposited in the Cigarette Fire Safety and Firefighter Protection Act Enforcement Fund, $150,000 shall be transferred into the General Fund.

(2) From funds deposited in the Energy Development Fund, $1,000,000 shall be transferred into the General Fund.

(3) From funds deposited in the Environmental Education Fund, $500,000 shall be transferred into the general Fund.