Section 313. Waiver of Interest, Costs and Fees.--(a) For fiscal year 2025-2026, the State Treasurer may waive or otherwise forgo, in the State Treasurer's sole discretion, the collection of any interest, costs or fees associated with an investment loan issued during a budget impasse pursuant to section 301.1 to any of the following:
(1) The governing body of a county.
(2) A domestic violence entity that receives a direct grant from the Department of Human Services from the appropriation for domestic violence programs.
(3) A Head Start agency.
(4) A rape crisis entity that receives a direct grant from the Department of Human Services from the appropriation for rape crisis programs.
(5) An approved provider under the Pennsylvania Pre-K Counts Program that receives a direct grant from the Department of Education from the appropriation for the Pre-K Counts Program.
(b) The State Treasurer's exercise of the waiver authority under this section shall not be deemed a violation of or otherwise inconsistent with the State Treasurer's fiduciary investment standard under section 301.1(h) and (i).
(c) Beginning in fiscal year 2026-2027, the State Treasurer's authority to invest money pursuant to section 301.1 may not be construed to authorize the issuance of a loan to an entity impacted by a Commonwealth budget impasse for the purpose of replacing anticipated Commonwealth appropriations. A loan issued in violation of this subsection shall be deemed a violation and otherwise inconsistent with the State Treasurer's fiduciary investment standard under section 301.1(h) and (i).
(313 added Nov. 12, 2025, P.L.156, No.45)