PRINTER'S NO. 1367
No. 1184 Session of 1975
INTRODUCED BY GOODMAN AND O'BRIEN, APRIL 30, 1975
REFERRED TO COMMITTEE ON MINES AND ENERGY MANAGEMENT,
MAY 5, 1975
AN ACT
1 Amending the act of August 23, 1961 (P.L.1068, No.484),
2 entitled, as amended, "An act to provide for the creation and
3 administration of a Coal and Clay Mine Subsidence Insurance
4 Fund within the Department of Environmental Resources for the
5 insurance of compensation for damages to subscribers thereto;
6 declaring false oaths by the subscribers to be misdemeanors;
7 providing penalties for the violation thereof; and making an
8 appropriation," further providing for membership of the board
9 and for appropriations to the fund.
10 The General Assembly of the Commonwealth of Pennsylvania
11 hereby enacts as follows:
12 Section 1. Sections 3 and 24, act of August 23, 1961
13 (P.L.1068, No.484), entitled, as amended, "An act to provide for
14 the creation and administration of a Coal and Clay Mine
15 Subsidence Insurance Fund within the Department of Environmental
16 Resources for the insurance of compensation for damages to
17 subscribers thereto; declaring false oaths by the subscribers to
18 be misdemeanors; providing penalties for the violation thereof;
19 and making an appropriation," reenacted and amended November 27,
20 1972 (P.L.1243, No.278), are amended to read:
21 Section 3. The Coal and Clay Mine Subsidence Insurance
1 Board.--The Coal and Clay Mine Subsidence Insurance Board is
2 hereby created consisting of the Secretary of Environmental
3 Resources, as chairman, and the Commissioner of Insurance and
4 the State Treasurer or their representatives.
5 Section 24. Appropriation.--The sum of one million dollars
6 ($1,000,000), or so much thereof as may be necessary, is hereby
7 appropriated for the purposes of this act, expenses of
8 organization and administration of the fund as is herein
9 provided.
10 If, upon completion of the annual examinations and audits
11 required under sections 13 and 14 of this act, commencing with
12 the annual examinations and audits for the [calendar] fiscal
13 year 1971, it shall be determined that the total asset value of
14 the fund is less than one million dollars ($1,000,000), such
15 additional sum as may be necessary to increase the total asset
16 value of the fund to one million dollars ($1,000,000) shall be
17 appropriated to the fund for the purposes of this act for the
18 fiscal year immediately following such examinations and audits.
19 Section 2. This act shall take effect in 60 days.
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