Section 12. Appropriation of Moneys.--The net proceeds of the sale of the one hundred forty million dollars ($140,000,000) of obligations herein authorized are hereby appropriated from the Disaster Relief Fund to the Department of Community Affairs to defray the costs of rehabilitation of areas affected by the September, 1971 and June, 1972 and July, 1977 disasters through urban redevelopment assistance. The net proceeds from the sale of the fifty-two million seven hundred eight thousand dollars ($52,708,000) of obligations herein authorized are hereby appropriated from the Disaster Relief Fund to the Department of Community Affairs to defray the costs of rehabilitation of areas affected by the July, 1977 disaster through urban redevelopment assistance. After reserving or paying the expenses of the sale of the obligation, the State Treasurer shall pay the moneys as required and certified by the Governor.
(12 amended June 26, 1981, P.L.126, No.42)
Compiler's Note: The Department of Community Affairs, referred to in this section, was abolished by Act 58 of 1996 and its functions were transferred to the Department of Community and Economic Development.
Compiler's Note: The act of June 26, 1981, P.L.126, No.42, which amended this section, contained the following implementing provision:
Section 4. The additional $2,708,000 authorized in this act are provided for the completion of acquisition and site clearance of the floodway area in the Borough of Homer City and Center Township, Indiana County.