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Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 313. Waiver of interest, costs and fees

Current as of January 01, 2026 | Updated by Findlaw Staff

(a) For fiscal year 2025-2026, the State Treasurer may waive or otherwise forgo, in the State Treasurer's sole discretion, the collection of any interest, costs or fees associated with an investment loan issued during a budget impasse pursuant to section 301.1   1 to any of the following:

(1) The governing body of a county.

(2) A domestic violence entity that receives a direct grant from the Department of Human Services from the appropriation for domestic violence programs.

(3) A Head Start agency.

(4) A rape crisis entity that receives a direct grant from the Department of Human Services from the appropriation for rape crisis programs.

(5) An approved provider under the Pennsylvania Pre-K Counts Program that receives a direct grant from the Department of Education from the appropriation for the Pre-K Counts Program.

(b) The State Treasurer's exercise of the waiver authority under this section shall not be deemed a violation of or otherwise inconsistent with the State Treasurer's fiduciary investment standard under section 301.1(h) and (i).

(c) Beginning in fiscal year 2026-2027, the State Treasurer's authority to invest money pursuant to section 301.1 may not be construed to authorize the issuance of a loan to an entity impacted by a Commonwealth budget impasse for the purpose of replacing anticipated Commonwealth appropriations.  A loan issued in violation of this subsection shall be deemed a violation and otherwise inconsistent with the State Treasurer's fiduciary investment standard under section 301.1(h) and (i).

1  72 P.S. § 301.1.
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Cite this article: FindLaw.com - Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 313. Waiver of interest, costs and fees - last updated January 01, 2026 | https://codes.findlaw.com/pa/title-72-ps-taxation-and-fiscal-affairs/pa-st-sect-72-313/

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