calendar year. The agencies shall determine whether sufficient
funding from other sources was utilized.
(c) Credit of matching funds.--For the purposes of meeting
the matching funding requirement, the agencies shall allow a
management entity to demonstrate that a multiyear eligible
matching funding investment was made in a particular year. In
subsequent years, the management entity shall refer to the gross
matching fund investment in the year it was established and
carry forward a credit in an amount of the original investment
minus the funds already applied as a matching fund requirement,
up to the remaining matching funds.
(d) Deduction.--If it is determined that insufficient
funding from other sources was utilized under subsection (a),
the amount of TRID Fund money utilized under subsection (a) in
the prior calendar year shall be deducted from the next transfer
of the fund.
(e) Financial approval.--Upon being satisfied that all
requirements have been met including private dollar match, the
department shall notify the State Treasurer to issue a grant in
an amount not to exceed $350,000 annually, as established by the
Secretary of the Budget per TRID.
(f) Sales tax transfer.--On June 1, 2016, and on each June 1
for the next 20 calendar years, $700,000 from the tax imposed by
Article II of the act of March 4, 1971 (P.L.6, No.2), known as
the Tax Reform Code of 1971, shall be transferred to the TRID
Fund for payment to the first two TRIDs approved under section
802(b).
(g) Remaining TRID Fund money.--Each year after the
transfers from the TRID Fund to the TRIDs under subsection (f),
any money remaining in the TRID Fund shall be returned to the
General Fund.
(h) Grants to other TRIDs.--For any TRID other than the
first two TRIDs approved under section 802(b), the department
may provide grants of up to $350,000 each year for the purposes
delineated in this chapter.
Amend Bill, page 20, line 30, by striking out "811" and
inserting
806
Amend Bill, page 21, line 2, by striking out "810" and
inserting
805
Amend Bill, page 21, line 4, by striking out "OR NOTES"
Amend Bill, page 21, line 12, by striking out "OR NOTES"
Amend Bill, page 21, line 18, by striking out "810" and
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