Pennsylvania Statutes Title 73 P.S. Trade and Commerce § 400.5102. Transfer of Pennsylvania Capital Loan Fund, accounts, assets and liabilities

(a) Transfer of existing funds.--As of the effective date of this chapter, all funds, accounts, assets, encumbrances and liabilities located in or associated with the Capital Loan Fund shall be transferred to the Small Business First Fund and shall thereafter be handled in accordance with the provisions of this act. As of the effective date of this chapter, the Capital Loan Fund shall be terminated as a separate account in the Treasury Department.

(b) Transfer of future funds.--Any and all funds received by the department for loans made under the act of July 2, 1984 (P.L. 545, No. 109),  1 known as the Capital Loan Fund Act, regardless of whether the loans were made before or after the effective date of this chapter, as well as all other funds received by the department in relation to projects which received loan funds under the Capital Loan Fund Act shall be returned to the Small Business First Fund established by this act.