Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 9803.1. Limitations on sales agreement

(a) Maximum amount.--If the authority enters into a sales agreement under this article, the authority may enter into a sales agreement to sell a portion of the revenue the Commonwealth will receive under the Master Settlement Agreement in a maximum aggregate amount sufficient to raise net proceeds of $1,500,000,000 during the 2017-2018 fiscal year.

(b) Limitation.--The authority shall not enter into an agreement under this article after June 30, 2018.

(c) Terms of agreement.--The sales agreement may not provide for a sale of revenue in excess of 10 years’ worth of payments received by the Commonwealth under the Master Settlement Agreement. No payments from the Master Settlement Agreement may be required under the sales agreement before July 1, 2018.