(a) Commission payment required.--Within 20 days after the effective date of this section, the commission shall pay to the department an amount equal to $62,500,000, which shall be deposited into the Public Transportation Trust Fund. The amount paid shall represent 25% of the amount the department is required to deposit into the Public Transportation Trust Fund under 74 Pa.C.S. ยง 1506(b)(1)(i)(A) (relating to fund) and is payable by the commission under the lease agreement.
(b) Use of payment.--The department shall allocate the funds received under subsection (a) pursuant to 74 Pa.C.S. Ch. 15 (relating to sustainable mobility options).
(c) Credits.--The payment made by the commission under this section shall be credited against the total amount payable by the commission under the lease agreement for the 2007-2008 fiscal year.
(July 18, 2007, P.L.169, No.44, eff. imd.)
2007 Amendment. Act 44 added section 8915.4.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 89 - Pennsylvania Turnpike
Section 8911 - Improvement and extension authorizations
Section 8912 - Subsequent extension authorizations
Section 8913 - Additional subsequent extension authorizations
Section 8914 - Further subsequent authorizations
Section 8914.1 - Security wall pilot project
Section 8915 - Conversion to toll roads
Section 8915.1 - Conversion of Interstate 80
Section 8915.2 - Application to United States Department of Transportation
Section 8915.3 - Lease of Interstate 80; related agreements
Section 8915.4 - Initial payment
Section 8915.5 - Other interstate highways
Section 8915.6 - Deposit and distribution of funds
Section 8915.7 - Impact on associated highways and local roads