Pennsylvania Statutes Title 24 P.S. Education § 20-2034-L. State-related University Performance Fund

(a) Establishment.--The State-related University Performance Fund is established in the State Treasury.

(b) Composition.--The fund shall consist of money appropriated or transferred to the fund and all interest earnings received from investment of money in the fund.

(c) Appropriations.--Money in the fund shall not be appropriated except in accordance with section 30 of Article III of the Constitution of Pennsylvania.

(d) Payments.--The Commonwealth shall pay, on an equal monthly basis during the fiscal year, money from the fund as provided under subsection (c) to each State-related university in the amount calculated under section 2035-L for that fiscal year.  1

(e) Remaining balance.--Any available balance in the fund not awarded by the allocation under section 2035-L during a fiscal year may not be expended in that fiscal year but shall remain in the fund for appropriation under subsection (c) in a subsequent fiscal year.