![](data:image/svg+xml;base64,<?xml version="1.0" encoding="UTF-8"?>
<svg xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" width="1487.5pt" height="1925pt" viewBox="0 0 1487.5 1925" version="1.2">
<g id="surface5">
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M 0.000178571 -1.299643 L 7.200179 -1.299643 " transform="matrix(2.430556,0,0,-2.430556,757.847222,283.645833)"/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M -0.000535714 -1.3 L 280.799464 -1.3 " transform="matrix(2.430556,0,0,-2.430556,443.333333,340.277778)"/>
<path style=" stroke:none;fill-rule:evenodd;fill:rgb(75.292969%,75.292969%,75.292969%);fill-opacity:1;" d="M 967.847656 405.417969 L 985.347656 405.417969 L 985.347656 372.359375 L 967.847656 372.359375 Z "/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M -0.000178571 -1.300714 L 28.799821 -1.300714 " transform="matrix(2.430556,0,0,-2.430556,1003.090278,396.666667)"/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M -0.000535714 -1.299464 L 309.599464 -1.299464 " transform="matrix(2.430556,0,0,-2.430556,443.333333,453.298611)"/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M 0.000714286 -1.300179 L 288.000714 -1.300179 " transform="matrix(2.430556,0,0,-2.430556,513.576389,509.6875)"/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M 0.000714286 -1.300179 L 7.200714 -1.300179 " transform="matrix(2.430556,0,0,-2.430556,1213.576389,509.6875)"/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M -0.000535714 -1.300536 L 345.599464 -1.300536 " transform="matrix(2.430556,0,0,-2.430556,443.333333,566.319444)"/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M -0.000535714 -1.300536 L 7.199464 -1.300536 " transform="matrix(2.430556,0,0,-2.430556,1283.333333,566.319444)"/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M -0.000535714 -1.299643 L 345.599464 -1.299643 " transform="matrix(2.430556,0,0,-2.430556,443.333333,622.708333)"/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M -0.000535714 -1.299643 L 7.199464 -1.299643 " transform="matrix(2.430556,0,0,-2.430556,1283.333333,622.708333)"/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M -0.000535714 -1.3 L 323.999464 -1.3 " transform="matrix(2.430556,0,0,-2.430556,443.333333,679.340278)"/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M -0.000535714 -1.3 L 7.199464 -1.3 " transform="matrix(2.430556,0,0,-2.430556,1230.833333,679.340278)"/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M -0.000535714 -1.300714 L 331.199464 -1.300714 " transform="matrix(2.430556,0,0,-2.430556,443.333333,735.729167)"/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M 0.000714286 -1.299464 L 252.000714 -1.299464 " transform="matrix(2.430556,0,0,-2.430556,513.576389,792.361111)"/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M 0.000000000000056843 -1.299464 L 43.2 -1.299464 " transform="matrix(2.430556,0,0,-2.430556,634.375,1131.423611)"/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M 0.000000000000056843 -1.299464 L 115.2 -1.299464 " transform="matrix(2.430556,0,0,-2.430556,826.875,1131.423611)"/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M 0.000178571 -1.300179 L 57.600179 -1.300179 " transform="matrix(2.430556,0,0,-2.430556,302.847222,1187.8125)"/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M 0.000178571 -1.299643 L 21.600179 -1.299643 " transform="matrix(2.430556,0,0,-2.430556,302.847222,1300.833333)"/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M 0.000535714 -1.300179 L 7.200536 -1.300179 " transform="matrix(2.430556,0,0,-2.430556,862.604167,1526.875)"/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M -0.000178571 -1.300536 L 331.199821 -1.300536 " transform="matrix(2.430556,0,0,-2.430556,373.090278,1583.506944)"/>
<path style=" stroke:none;fill-rule:evenodd;fill:rgb(75.292969%,75.292969%,75.292969%);fill-opacity:1;" d="M 985.105469 1648.644531 L 1002.605469 1648.644531 L 1002.605469 1615.589844 L 985.105469 1615.589844 Z "/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M 0.000178571 -1.299643 L 28.800179 -1.299643 " transform="matrix(2.430556,0,0,-2.430556,1020.347222,1639.895833)"/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M -0.000178571 -1.3 L 316.799821 -1.3 " transform="matrix(2.430556,0,0,-2.430556,373.090278,1696.527778)"/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M -0.000178571 -1.300714 L 35.999821 -1.300714 " transform="matrix(2.430556,0,0,-2.430556,443.090278,1752.916667)"/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M -0.000178571 -1.300714 L 251.999821 -1.300714 " transform="matrix(2.430556,0,0,-2.430556,530.590278,1752.916667)"/>
<path style="fill:none;stroke-width:0.8;stroke-linecap:butt;stroke-linejoin:miter;stroke:rgb(0%,0%,0%);stroke-opacity:1;stroke-miterlimit:10;" d="M -0.000535714 -1.300714 L 7.199464 -1.300714 " transform="matrix(2.430556,0,0,-2.430556,1143.333333,1752.916667)"/>
</g>
</svg>
)
the corporation annually select a percentage and
determine that it is consistent with the long-term
preservation of the real value of the assets, but in no
event shall the percentage:
(A) except as set forth in clause (B), be less
than 2% nor more than 7% per year[.]; or
(B) be less than 2% nor more than 10% for:
(I) each calendar year during which the
proclamation of disaster emergency issued by the
Governor on March 6, 2020, published at 50 Pa.B.
1644 (March 21, 2020), and any renewal of the
state of disaster emergency, is in effect; and
(II) the succeeding calendar year.
* * *
Section 2. Section 8113(c) of Title 20 is amended to read:
§ 8113. Charitable trusts.
* * *
(c) Effect of election.--If an election is made to be
governed by this section, all of the following apply:
(1) The term "income" shall mean a percentage of the
value of the trust.
(2) The trustee shall, in a writing maintained as part
of the permanent records of the trust, select the percentage
and determine that it is consistent with the long-term
preservation of the real value of the principal of the trust,
but in no event shall the percentage:
(i) except as set forth in subparagraph (ii), be
less than 2% nor more than 7% per year[.]; or
(ii) be less than 2% nor more than 10% for:
(A) each calendar year during which the
20200HB2484PN3712 - 2 -
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30