Section 702. Deposits into special account.
Notwithstanding any applicable provision of the act of May 12, 1943 (P.L.259, No.120), referred to as the Foreign Casualty Insurance Premium Tax Allocation Law, or any applicable provisions of the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, or the provisions of sections 402(b) and 803(c) of the act of December 18, 1984 (P.L.1005, No.205), known as the Municipal Pension Plan Funding Standard and Recovery Act, beginning on January 1, 1990, prior to the deposit of the proceeds of the insurance premium tax on foreign casualty insurance premiums into the General Municipal Pension System State Aid Program revenue account, an amount sufficient to provide for the Commonwealth's reimbursement payments and reimbursable amounts to municipalities for special ad hoc adjustments under this act shall be deposited in the separate account created under section 701.
(702 amended June 19, 2002, P.L.434, No.64)
Compiler's Note: Section 22 of Act 53 of 2022 provided that section 702 and all acts or parts of acts inconsistent with the amendment of sections 902, 902.1(d) and 1805-F(c) of the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, are repealed to the extent they are inconsistent with the amendment of sections 902, 902.1(d) and 1805-F(c) of the Tax Reform Code of 1971.