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Pennsylvania Statutes Title 73 P.S. Trade and Commerce § 850.353. Restrictions

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) Use.--

(1) Except as provided under paragraph (2) and (3), money transferred under section 301-A  1 shall be used for the operational costs for the qualified authority.

(2) Money under this paragraph shall be allocated in proportion to the amount of local effort under subsection (c). Money transferred under section 301-A in excess of the amount used under paragraph (1), to the extent such funds are available, shall be used to do any of the following:

(i) Offset a surcharge applied to customers of a water provider relating to the costs of remediation relating to per- and polyfluoroalkyl substances present in drinking water related to the presence of a former military installation.

(ii) Offset an amount attributable to an amount billed to customers of a water provider relating to the costs of remediation relating to per- and polyfluoroalkyl substances present in drinking water related to the presence of a former military installation.

(iii) Offset the cost of connecting a residence with a private well which is impacted by the presence of per- and polyfluoroalkyl substances in drinking water related to a former military installation to a public water supply.

(3) Money transferred under section 301-A in excess of the amount used under paragraphs (1) and (2), to the extent such funds are available, may be used for any of the following:

(i) The transportation infrastructure and economic development costs within a qualified municipality to encourage redevelopment of the qualified former military installation.

(ii) The payment of debt service on bonds issued or refinanced for the acquisition, development, construction, including related infrastructure and site preparation, reconstruction, renovation or refinancing of a project under subparagraph (i).

(b) Applications.--The qualified authority shall establish an application process for allocations under this section.

(c) Local effort.--A municipality or municipal authority may make contributions to the qualified authority. A contribution under this subsection shall be made no later than November 15, 2019, June 1, 2020, and June 1 each year thereafter to be considered under section 303-A(d). 2

(d) Limitations on transfers.--Money transferred to a special fund under section 301-A may not exceed 500% of the local taxes and additional money designated and transferred to the qualified authority by a municipality or municipal authority during the year.

(e) Excess money.--

(1) If the amount of money transferred to a fund in any one calendar year exceeds the money utilized, designated or budgeted under this section in that calendar year, the qualified authority shall submit by April 15 following the end of the calendar year the excess money to the State Treasurer for deposit into the General Fund.

(2) At the time of submission to the State Treasurer, the contracting authority shall submit to the State Treasurer, the Office of the Budget and the Department of Revenue a detailed accounting of the calculation resulting in the excess money.

1 73 P.S. § 850.351.
2 This section.
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Cite this article: FindLaw.com - Pennsylvania Statutes Title 73 P.S. Trade and Commerce § 850.353. Restrictions - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-73-ps-trade-and-commerce/pa-st-sect-73-850-353/

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