Pennsylvania Statutes Title 43 P.S. Labor § 917.6. Use of bond proceeds

(1) pay the costs of issuance of the bonds;

(2) fund bond reserves;

(3) deposit in an appropriate fund moneys to pay capitalized interest on the bonds for the period determined by the department, not to exceed two years;

(4) refund outstanding bonds, if applicable;

(5) make any other deposit required under any instrument or agreement pertaining to the bonds;

(6) repay the principal and interest of Federal advances; and

(7) deposit any balance into an unemployment compensation program fund under any instrument or agreement relating to the bonds.

(1) Repay the principal and interest of previous Federal advances.

(2) Pay unemployment compensation benefits.

(3) Pay bond administrative expenses.

(4) Redeem or purchase outstanding bonds.

(5) Pay bond obligations.