the repeal.
Section 316. County Sales and Use Tax Fund.
(a) Fund established in State Treasury.--There is
established in the State Treasury a County Sales, Use and
Occupancy Tax Fund. The State Treasurer shall be custodian of
the fund which shall be subject to the provisions of law
applicable to funds listed in section 302 of the act of April 9,
1929 (P.L.343, No.176), known as The Fiscal Code. Subaccounts
shall be established within the fund for each county
participating under this act.
(b) Deposits.--
(1) The tax imposed under section 311 shall be received
by the department and paid to the State Treasurer and, along
with interest and penalties, less any collection costs
allowed under this subchapter and any refunds and credits
paid, shall be credited to the respective counties'
subaccounts not less frequently than every two weeks.
(2) During any period prior to the credit of money to
each subaccount, interest earned on money received by the
department and paid to the State Treasurer under this
subchapter shall be credited to the respective subaccount.
(c) Lapsing and interfund transfers prohibited.--All money
in the fund and credited to the subaccounts, including, but not
limited to, money credited to the subaccounts under this
section, prior year encumbrances and the interest earned
thereon, shall not lapse nor be transferred to any other fund or
subaccount, but shall remain in the fund and be credited to the
respective subaccounts as provided under this chapter.
(d) Investment.--Pending disbursement, money received on
behalf of or deposited into the fund shall be invested or
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