Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 8296. Disposition of certain funds

(a) Receipts from the tax imposed under this article shall be deposited into the General Fund and used as follows:

(b) The transfers required under subsection (a)(1) and (2) shall be made in two equal payments by July 15 and January 15.

(c) For any fiscal year after the effective date of this subsection   1 in which the revenue deposited into the Local Cigarette Tax Fund from an excise tax imposed and assessed upon the sale or possession of cigarettes within a school district that is coterminous with a city of the first class is less than fifty eight million dollars ($58,000,000), the State Treasurer shall transfer receipts deposited into the General Fund in accordance with this section to the Local Cigarette Tax Fund in an amount equal to the difference between the revenue deposited during the fiscal year and fifty eight million dollars ($58,000,000) to be disbursed as provided under 53 Pa.C.S. § 8722(i) (relating to local option cigarette tax in school districts of the first class).  The Secretary of Revenue shall determine the amount to be transferred.  The transfers required under this subsection shall be made annually by July 15.