Pennsylvania Act 1961-479 — STATE TREASURER - TRANSFERS BETWEEN FUNDS

Act text

STATE TREASURER - TRANSFERS BETWEEN FUNDS
                 Act of Aug. 22, 1961, P.L. 1049, No. 479             Cl. 72
                                  AN ACT

     Authorizing the State Treasurer under certain conditions to
        transfer sums of money between the General Fund and certain
        funds and subsequent transfers of equal sums between such
        funds, and making appropriations necessary to effect such
        transfers.

        The General Assembly of the Commonwealth of Pennsylvania
     hereby enacts as follows:

        Section 1.  Whenever the Governor shall ascertain that the
     cash balance and the current estimated receipts of either the
     General Fund or of any of the following enumerated funds:
     Banking Department Fund, Milk Control Fund, State Farm Products
     Show Fund, Oil and Gas Lease Fund, Special Disaster Relief Fund,
     Historical Preservation Fund, Anthracite Strip Mining Fund,
     Bituminous Coal Open Pit Mining Reclamation Fund, Special
     Administration Fund, Feed and Fertilizer Fund, State Harness
     Racing Fund, State Horse Racing Fund, Liquid Fuels Tax Fund,
     Liquor License Fund, State Lottery Fund, Purchasing Fund, Fire
     Insurance Tax Fund, or Pennsylvania Fair Fund--shall be
     insufficient at any time during any fiscal period to meet
     promptly the expenses of the Commonwealth payable from such
     fund, the State Treasurer is hereby authorized and directed,
     from time to time during such fiscal period, to transfer to the
     General Fund if the same be deficient from one or more of the
     enumerated funds or to any of the enumerated funds if such be
     deficient from the General Fund, as the case may be, such sums
     as the Governor shall direct. Any sum so transferred shall be
     available for the purposes for which the fund to which they are
     transferred is appropriated by law. Such transfers shall be made
     hereunder upon warrant of the State Treasurer upon requisition
     of the Governor.
        (1 amended Oct. 4, 1978, P.L.1018, No.223)
        Compiler's Note:  Section 2 of Act 48 of 1991 provided that
            section 1 is repealed insofar as it is applicable to the
            Milk Marketing Board.
        Section 2.  In order to reimburse the fund from which moneys
     are transferred under section 1 hereof, an amount equal to that
     transferred from such fund during any fiscal period under
     section 1 of this act shall be retransferred to such fund from
     the other fund in such amounts and at such times as the Governor
     shall direct, but in no event later than thirty days after the
     end of such fiscal period. Such transfers shall be made by the
     State Treasurer upon warrant of the Auditor General upon
     requisition of the Governor.
        Section 3.  The moneys in the General Fund and in the other
     funds enumerated in section 1 hereof are hereby specifically
     appropriated for transfer from time to time as provided for in
     this act.
        Section 4.  This act shall take effect immediately.