Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 1 - General Provisions
Section 155 - Disposition of funds


(a) Corporation Bureau Restricted Account.--The Corporation Bureau Restricted Account, established under former section 814 of the act of April 9, 1929 (P.L.177, No.175), known as The Administrative Code of 1929, is continued. This account shall receive 30% of the amount received by the department under this subchapter except for the fees collected under 13 Pa.C.S. § 9525(a)(1)(ii) (relating to fees). This account shall receive 5% of the amount received by the department under 13 Pa.C.S. § 9525(a)(1)(ii). The balance of the amount received by the department under this subchapter shall be deposited in the General Fund. Money in the account shall be used solely for the operation of the bureau and for its modernization as may be required for improved operations of the bureau unless a surplus arises after two consecutive years, at which time the Secretary of the Commonwealth shall transfer any amount in excess of the bureau's budget into the General Fund.
(b) Expenditures.--The department shall submit a budget for the operation or modernization of the bureau to the Governor for approval. Such funds as are approved by the Governor are hereby appropriated from the Corporation Bureau Restricted Account to the department for the operation of the bureau.
(c) Advisory committee.--The Secretary of the Commonwealth shall appoint a Corporation Bureau Advisory Committee. The committee shall be composed of persons knowledgeable in matters covered by this title and related provisions of law and who have been recommended for appointment to the committee by the organized bar or other organized users of the facilities and services of the bureau. Members shall serve without compensation other than reimbursement for reasonable and necessary expenses in accordance with Commonwealth policy or regulations, shall serve for terms fixed by the secretary and may be reappointed. The Chairman of the committee shall be elected by the committee. The committee shall make recommendations to the Governor with respect to each budget submitted under subsection (b) and may consult with the department in the administration of this title and related provisions of law. The committee, in consultation with the bureau and the department, shall submit, by June 1 of each odd-numbered year, a report to the General Assembly describing its activities under this title and any recommended changes to this title.
(June 8, 2001, P.L.123, No.18, eff. July 1, 2001; June 22, 2001, P.L.418, No.34, eff. 60 days; Dec. 23, 2003, P.L.282, No.47, eff. imd.; July 9, 2013, P.L.476, No.67, eff. 60 days)

2013 Amendment. Act 67 amended subsec. (b) and added subsec. (a).
2001 Amendments. Act 18 amended subsec. (a) and Act 34 amended subsec. (c).
Cross References. Section 155 is referred to in sections 8221, 8998 of this title.

Structure Pennsylvania Consolidated & Unconsolidated Statutes

Pennsylvania Consolidated & Unconsolidated Statutes

Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS

Chapter 1 - General Provisions

Extra - Chapter Notes

Section 101 - Short title and application of title

Section 102 - Definitions

Section 103 - Subordination of title to regulatory laws

Section 104 - Equitable remedies

Section 105 - Fees

Section 106 - Effect of filing papers required to be filed

Section 107 - Form of records

Section 108 - Change in location or status of registered office provided by agent

Section 109 - Name of commercial registered office provider in lieu of registered address

Section 110 - Supplementary general principles of law applicable

Section 111 - Relation of title to Electronic Signatures in Global and National Commerce Act

Section 112 - Receipt of electronic communications

Section 113 - Delivery of document

Section 114 - Defense of usury

Section 131 - Application of subchapter

Section 132 - Functions of Department of State

Section 133 - Powers of Department of State

Section 134 - Docketing statement

Section 135 - Requirements to be met by filed documents

Section 136 - Processing of documents by Department of State

Section 137 - Court to pass upon rejection of documents by Department of State

Section 138 - Statement of correction

Section 139 - Tax clearance of certain fundamental transactions

Section 140 - Custody and management of orphan corporate and business records

Section 141 - Abandonment of filing before effectiveness

Section 142 - Effect of signing filings

Section 143 - Liability for inaccurate information in filing

Section 144 - Signing and filing pursuant to judicial order

Section 145 - Subsistence certificate

Section 146 - Annual report

Section 151 - Short title and application of subchapter

Section 152 - Definitions

Section 153 - Fee schedule

Section 154 - Enforcement and collection

Section 155 - Disposition of funds

Section 156 - References

Section 161 - Domestication of certain alien associations

Section 162 - Contingent domestication of certain alien associations (Repealed)