| |
|
| |
| THE GENERAL ASSEMBLY OF PENNSYLVANIA |
| |
| HOUSE BILL |
|
| |
| |
| INTRODUCED BY REICHLEY, BAKER, BEYER, CLYMER, CUTLER, DENLINGER, FARRY, GINGRICH, GRELL, GROVE, HARHART, HUTCHINSON, KOTIK, MICOZZIE, MILLER, MURT, PICKETT, QUINN, RAPP, SIPTROTH, SWANGER, VULAKOVICH AND WATSON, MAY 5, 2010 |
| |
| |
| REFERRED TO COMMITTEE ON FINANCE, MAY 5, 2010 |
| |
| |
| |
| AN ACT |
| |
1 | Amending the act of April 9, 1929 (P.L.343, No.176), entitled, |
2 | as amended, "An act relating to the finances of the State |
3 | government; providing for the settlement, assessment, |
4 | collection, and lien of taxes, bonus, and all other accounts |
5 | due the Commonwealth, the collection and recovery of fees and |
6 | other money or property due or belonging to the Commonwealth, |
7 | or any agency thereof, including escheated property and the |
8 | proceeds of its sale, the custody and disbursement or other |
9 | disposition of funds and securities belonging to or in the |
10 | possession of the Commonwealth, and the settlement of claims |
11 | against the Commonwealth, the resettlement of accounts and |
12 | appeals to the courts, refunds of moneys erroneously paid to |
13 | the Commonwealth, auditing the accounts of the Commonwealth |
14 | and all agencies thereof, of all public officers collecting |
15 | moneys payable to the Commonwealth, or any agency thereof, |
16 | and all receipts of appropriations from the Commonwealth, |
17 | authorizing the Commonwealth to issue tax anticipation notes |
18 | to defray current expenses, implementing the provisions of |
19 | section 7(a) of Article VIII of the Constitution of |
20 | Pennsylvania authorizing and restricting the incurring of |
21 | certain debt and imposing penalties; affecting every |
22 | department, board, commission, and officer of the State |
23 | government, every political subdivision of the State, and |
24 | certain officers of such subdivisions, every person, |
25 | association, and corporation required to pay, assess, or |
26 | collect taxes, or to make returns or reports under the laws |
27 | imposing taxes for State purposes, or to pay license fees or |
28 | other moneys to the Commonwealth, or any agency thereof, |
29 | every State depository and every debtor or creditor of the |
30 | Commonwealth," further providing for disposition of the |
31 | Budget Stabilization Reserve Fund. |
|
1 | The General Assembly of the Commonwealth of Pennsylvania |
2 | hereby enacts as follows: |
3 | Section 1. Section 1703-A of the act of April 9, 1929 |
4 | (P.L.343, No.176), known as The Fiscal Code, added June 29, 2002 |
5 | (P.L.614, No.91), is amended to read: |
6 | Section 1703-A. Disposition of Budget Stabilization Reserve |
7 | Fund. |
8 | (a) Purpose.--It is the intent of the General Assembly that: |
9 | (1) Money from the Budget Stabilization Reserve Fund be |
10 | appropriated only when emergencies involving the health, |
11 | safety or welfare of the residents of this Commonwealth or |
12 | downturns in the economy resulting in significant |
13 | unanticipated revenue shortfalls cannot be dealt with through |
14 | the normal budget process. |
15 | (2) Money in the Budget Stabilization Reserve Fund shall |
16 | not be used primarily to begin new programs but to provide |
17 | for the continuation of vital public programs in danger of |
18 | being eliminated or severely reduced due to financial |
19 | problems resulting from the economy. |
20 | (b) Appropriation.--[Whenever] |
21 | (1) Except as provided in paragraph (2), whenever the |
22 | Governor determines that an appropriation from the Budget |
23 | Stabilization Reserve Fund is necessary to meet emergencies |
24 | involving the health, safety or welfare of the residents of |
25 | this Commonwealth or to counterbalance downturns of the |
26 | economy which result in significant unanticipated revenue |
27 | shortfalls, the Governor shall present a request for an |
28 | appropriation along with the specifics of the proposal and |
29 | suggested ancillary and substantive legislation as may be |
30 | necessary to the chairman of Appropriations Committee of the |
|
1 | Senate and the chairman of the Appropriations Committee of |
2 | the House of Representatives. The General Assembly may then |
3 | through approval of a separate appropriation bill by a vote |
4 | of two-thirds of the members elected to the Senate and the |
5 | House of Representatives appropriate money from the Budget |
6 | Stabilization Reserve Fund to meet the needs identified in |
7 | the Governor's proposal. Any money appropriated according to |
8 | this section which has then lapsed shall be returned to the |
9 | Budget Stabilization Reserve Fund. |
10 | (2) Within ten days of the creation of the Disease |
11 | Management Tax Credit Fund, the amount of $20,000,000 shall |
12 | be transferred from the Budget Stabilization Reserve Fund to |
13 | the Disease Management Tax Credit Fund. |
14 | Section 2. This act shall take effect in 60 days. |
|