1506 - Fund.
§ 1506. Fund. (a) Establishment.--A special fund is established within the State Treasury to be known as the Public Transportation Trust Fund. Money in the fund is hereby appropriated, upon approval of the Governor, to the department for the purposes set forth under this chapter. (b) Deposits to fund by department.-- (1) The following apply: (i) Except as provided under subparagraph (ii), upon receipt, the department shall deposit into the fund the revenues received by the department under 75 Pa.C.S. Ch. 89 (relating to Pennsylvania Turnpike) and the lease agreement executed between the department and the Pennsylvania Turnpike Commission under 75 Pa.C.S. § 8915.3 (relating to lease of Interstate 80; related agreements) as follows: (A) For fiscal year 2007-2008, $250,000,000. (B) For fiscal year 2008-2009, $250,000,000. (C) For fiscal year 2009-2010, $250,000,000. (D) For fiscal year 2010-2011 and each fiscal year thereafter, the amount calculated for the previous fiscal year, increased by 2.5%. (ii) The deposits made to the fund under this subsection shall equal $250,000,000 annually for each fiscal year commencing after the expiration of the conversion period if the conversion notice is not received by the secretary prior to expiration of the conversion period as set forth under 75 Pa.C.S. § 8915.3(3). (2) Upon receipt, the department shall deposit the amount made available to the department as an executive authorization and any appropriation for the 2007-2008 fiscal year and each fiscal year thereafter from the State Lottery Fund for fixed route transit and for the Free Transit Program for Senior Citizens established under the act of August 26, 1971 (P.L.351, No.91), known as the State Lottery Law. The funds deposited under this paragraph shall only be used as permitted by the State Lottery Law, except that: (i) funds may be used to pay estimated transit losses resulting from providing free service for senior passengers during the provider's regular hours of service; and (ii) fares for senior citizens on commuter rail service shall be limited to $1 per trip and shall be extended to all hours of commuter rail service. (c) Other deposits.--The following shall be deposited into the fund annually: (1) 4.4% of the amount collected under Article II of the Tax Reform Code. Revenues under this paragraph shall be deposited into the fund by the 20th day of each month for the preceding month. The amount deposited under this paragraph is estimated to be equivalent to the money available to the department from the following sources: (i) The Supplemental Public Transportation Account established under former section 1310.1 (relating to supplemental public transportation assistance funding). (ii) The amount appropriated annually by the Commonwealth from the General Fund for mass transit programs pursuant to a General Appropriations Act. (2) An amount of proceeds of Commonwealth capital bonds as determined annually by the Secretary of the Budget. (3) Revenue in the Public Transportation Assistance Fund established under Article XXIII of the Tax Reform Code not otherwise dedicated pursuant to law. (4) Other appropriations, deposits or transfers to the fund. (d) Use of revenues.--Money in the fund shall be used by the department as follows: (1) to provide financial assistance through the programs established under this chapter; (2) for costs incurred directly by the department in the administration of public passenger transportation programs, including under this chapter; and (3) for all other purposes enumerated under this chapter. (e) Program funding amounts.--Subject to available funds, the programs established under this chapter shall be funded annually as follows: (1) For the program established under section 1513 (relating to operating program), the following amounts shall be allocated from the fund: (i) All revenues deposited in the fund under subsection (b)(1). (ii) All revenues deposited in the fund under subsection (b)(2). (iii) 69.99% of the revenues deposited in the fund under subsection (c)(1). (iv) All revenues deposited into the fund under subsection (c)(3). (2) (i) Except as provided under subparagraph (ii), for the program established under section 1514 (relating to asset improvement program): (A) By the proceeds of Commonwealth capital bonds deposited into the fund under subsection (c)(2). (A.1) For fiscal year 2007-2008, $50,000,000 from the revenues received by the department under 75 Pa.C.S. Ch. 89 and the lease agreement executed between the department and the Pennsylvania Turnpike Commission under 75 Pa.C.S. § 8915.3. The amount received by the department under this section shall be deposited into the fund prior to distribution and shall be in addition to the amounts received under subsection (b)(1). (B) For fiscal year 2008-2009, $100,000,000 from the revenues received by the department under 75 Pa.C.S. Ch. 89 and the lease agreement executed between the department and the Pennsylvania Turnpike Commission under 75 Pa.C.S. § 8915.3. The amount received by the department under this section shall be deposited into the fund prior to distribution and shall be in addition to the amounts received under subsection (b)(1). (C) For fiscal year 2009-2010, $150,000,000 from the revenues received by the department under 75 Pa.C.S. Ch. 89 and the lease agreement executed between the department and the Pennsylvania Turnpike Commission under 75 Pa.C.S. § 8915.3. The amount received by the department under this section shall be deposited into the fund prior to distribution and shall be in addition to the amounts received under subsection (b)(1). (D) For fiscal year 2010-2011 and each fiscal year thereafter, the amount calculated for the prior fiscal year increased by 2.5% from the revenues received by the department under 75 Pa.C.S. Ch. 89 and the lease agreement executed between the department and the Pennsylvania Turnpike Commission under 75 Pa.C.S. § 8915.3. The amount received by the department under this section shall be deposited into the fund prior to distribution and shall be in addition to the amounts received under subsection (b)(1). (ii) If the conversion notice is not received by the secretary prior to the end of the conversion period as set forth in 75 Pa.C.S. § 8915.3(3), no additional allocation shall be made under subparagraph (i). (3) For the program established under section 1516 (relating to programs of Statewide significance), 13.24% of the revenues deposited in the fund under subsection (c)(1) shall be allocated from the fund. (4) For the program established under section 1517 (relating to capital improvements program), 16.77% of the revenues deposited in the fund under subsection (c)(1). Additional funds for this program may be provided from the funds allocated but not distributed based on the limitation set forth under section 1513(c)(3). Cross References. Section 1506 is referred to in sections 1503, 1513, 1515 of this title; section 8915.4 of Title 75 (Vehicles).