Pennsylvania Statutes Title 35 P.S. Health and Safety § 1680.408c. Homeowner's emergency mortgage assistance fund

The Homeowner's Emergency Mortgage Assistance Fund is hereby created as a separate account within the agency for the sole purpose of implementing the provisions of this article. No other agency funds, moneys or interest earnings shall be utilized for the purposes of this article. Investment and interest earnings on moneys from this fund may be used by the agency for the administrative costs of the program. The Homeowner's Emergency Mortgage Assistance Fund shall operate as a revolving loan fund to which shall be credited all repayment of principal and interest by mortgagors to the agency to repay loans provided by the agency pursuant to this article as well as grants or donations from other sources and any funds that may be appropriated by the General Assembly.