Section 406-D. Fund.
(a) Establishment.--There is established in the State Treasury the Housing Affordability and Rehabilitation Enhancement Fund. Interest and any other earnings in the fund shall remain in the fund. All program funds allocated or appropriated to the program shall be deposited in the fund. Program funds in the fund and the interest accruing thereon are hereby appropriated to the agency on a continuing basis to carry out the provisions of this article.
(b) Federal allocations.--All allocations distributed to and grants received by this Commonwealth from the United States Department of Housing and Urban Development pursuant to the Housing Trust Fund, established in section 1338 of the Housing and Economic Recovery Act of 2008 (Public Law 110-289, 122 Stat. 2654), are deposited to the fund to be administered by the Pennsylvania Housing Finance Agency consistent with this article and applicable Federal law.
(c) Interfund transfers.--((c) repealed June 28, 2019, P.L.50, No.13)
(406-D added Nov. 23, 2010, P.L.1035, No.105)
Compiler's Note: Section 36 of Act 13 of 2019 provided that the addition of section 1102-C.6 of the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, is a continuation of subsec. (c).
Compiler's Note: Section 2 of Act 58 of 2015, which added subsec. (c), provided that the General Assembly does not intend, by enacting subsec. (c), to increase the rate of the tax imposed under section 1102-C of the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971.