Transfer of funds

Act 176 of 1929, § 1723-A.2, under THE FISCAL CODE.

Act 176 of 1929, § 1723-A.2

Section 1723-A.2. Transfer of funds.

(a) Annual funding.--Notwithstanding 4 Pa.C.S. § 13C62(b)(3) (relating to sports wagering tax), for fiscal year 2022-2023 and each fiscal year thereafter, an amount equal to 5% of the tax revenue generated by the tax imposed under 4 Pa.C.S. § 13C62 or $2,500,000, whichever is greater, shall be transferred to the account for use by the department in accordance with this subarticle. The amount transferred under this section may not exceed $5,000,000.

(b) Fiscal year 2023-2024.--Notwithstanding 4 Pa.C.S. § 1407 (relating to Pennsylvania Gaming Economic Development and Tourism Fund) or any other provision of law, the sum of $25,000,000 shall be transferred from the Pennsylvania Gaming Economic Development and Tourism Fund to the account for use by the department in accordance with this subarticle.

(1723-A.2 amended Dec. 13, 2023, P.L.251, No.34)