§ 1544. Use.
(a) General rule.--Money of the authority shall be used by the board to fund the programs established in Subchapter E (relating to programs) and in 12 Pa.C.S. Ch. 29 (relating to machinery and equipment loans).
(b) Transfer.--By December 31, 2006, the authority shall transfer in the aggregate $75,000,000 to the department for deposit in the account created by 12 Pa.C.S. § 2904 (relating to Machinery and Equipment Loan Fund).
(c) Administrative expenses.--The authority may use moneys, including the proceeds of bonds, to pay the administrative expenses of the authority and of the department incurred under this chapter.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 64 - PUBLIC AUTHORITIES AND QUASI-PUBLIC CORPORATIONS
Chapter 15 - Commonwealth Financing Authority
Section 1503 - Findings and declaration of policy
Section 1522 - Commonwealth taxation
Section 1523 - Federal taxation
Section 1524 - Validity of bonds; limitation on actions
Section 1525 - Provisions of bonds; trust agreements
Section 1526 - Validity of pledge
Section 1527 - Commonwealth pledges
Section 1528 - Bonds to be legal investments
Section 1529 - Rights and remedies of obligees
Section 1542 - Revolving loan program accounts
Section 1551 - Business in Our Sites Program
Section 1552 - First Industries Program
Section 1552.1 - Dairy Investment Program
Section 1553 - Second Stage Loan Program
Section 1554 - New Pennsylvania Venture Guarantee Program
Section 1555 - Building Pennsylvania Program
Section 1556 - Tax Increment Financing Guarantee Program
Section 1557 - New Pennsylvania Venture Capital Investment Program
Section 1558 - Water Supply and Wastewater Infrastructure Program