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Pennsylvania Statutes Title 75 Pa.C.S.A. Vehicles § 9620. Appropriation and allocation of proceeds

Current as of January 01, 2022 | Updated by FindLaw Staff

The funds deposited in the Highway Bridge Improvement Restricted Account within the Motor License Fund are hereby annually appropriated out of the account upon authorization by the Governor, for expenditure on bridge rehabilitation, replacement and removal projects pursuant to the act of December 8, 1982 (P.L. 848, No. 235), known as the Highway-Railroad and Highway Bridge Capital Budget Act for 1982-1983, in accordance with the following priorities:

(1) The first priority is to the Treasury Department for deposit into the Capital Debt Fund for the payment of debt service on general obligation bonds of the Commonwealth which may be issued from time to time to fund any project described in the Highway-Railroad and Highway Bridge Capital Budget Act for 1982-1983.

(2) The second priority is to the Department of Transportation in the event excess funds are available after the annual debt service requirements have been satisfied for:

(i) The non-Federal share of bridge rehabilitation, replacement and removal projects on State-owned bridges and bridges of undetermined ownership on State highways.

(ii) Grants to counties or municipalities to fund up to 80% of the non-Federal share of bridge rehabilitation, replacement and removal projects on county-owned or municipal-owned bridges, and bridges of undetermined ownership on county or municipal highways. The balance of the costs for these bridge projects shall be funded by the respective county or municipality or by private funds.

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Cite this article: FindLaw.com - Pennsylvania Statutes Title 75 Pa.C.S.A. Vehicles § 9620. Appropriation and allocation of proceeds - last updated January 01, 2022 | https://codes.findlaw.com/pa/title-75-pacsa-vehicles/pa-csa-sect-75-9620/

Read this complete Pennsylvania Statutes Title 75 Pa.C.S.A. Vehicles § 9620. Appropriation and allocation of proceeds on Westlaw

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