(i) $200,000,000 paid as annual base payments;
(ii) any Interstate 80 savings for that fiscal year.
(2) If the conversion period has expired and a
conversion notice has not been received by the secretary, in
each subsequent fiscal year until the end of the term of the
lease agreement, the annual additional payments shall be
[$250,000,000.] for fiscal year 2020-2021 an amount equal to
$150,000,000 and for fiscal year 2021-2022 an amount equal to
$75,000,000 in accordance with 74 Pa.C.S. § 1506(b)(1)(ii)
(relating to fund). No annual additional payments shall be
due after fiscal year 2021-2022.
"Annual base payments." An amount equal to the sum of the
following:
(1) Annual debt service on outstanding bonds issued
under section 9511.2 (relating to special revenue bonds)
payable as required pursuant to the bonds.
(2) [Two hundred million dollars] For fiscal year 2020-
2021 an amount equal to $150,000,000 and for fiscal year
2021-2022 an amount equal to $75,000,000 payable [annually
through fiscal year 2021-2022] in four equal installments
each due the last business day of each July, October, January
and April in accordance with 74 Pa.C.S. § 1506(b)(1)(ii).
(3) For fiscal year 2022-2023 and each fiscal year
thereafter, the amount shall be $50,000,000 payable annually
from then-current revenue.
* * *
"Scheduled annual commission contribution." The following
amounts:
(1) $750,000,000 in fiscal year 2007-2008.
(2) $850,000,000 in fiscal year 2008-2009.
20200HB2361PN3460 - 3 -
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30