PRINTER'S NO. 845
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
712
Session of
2019
INTRODUCED BY ARGALL AND PHILLIPS-HILL, MAY 31, 2019
REFERRED TO FINANCE, MAY 31, 2019
AN ACT
Amending the act of April 9, 1929 (P.L.343, No.176), entitled,
as amended, "An act relating to the finances of the State
government; providing for cancer control, prevention and
research, for ambulatory surgical center data collection, for
the Joint Underwriting Association, for entertainment
business financial management firms, for private dam
financial assurance and for reinstatement of item vetoes;
providing for the settlement, assessment, collection, and
lien of taxes, bonus, and all other accounts due the
Commonwealth, the collection and recovery of fees and other
money or property due or belonging to the Commonwealth, or
any agency thereof, including escheated property and the
proceeds of its sale, the custody and disbursement or other
disposition of funds and securities belonging to or in the
possession of the Commonwealth, and the settlement of claims
against the Commonwealth, the resettlement of accounts and
appeals to the courts, refunds of moneys erroneously paid to
the Commonwealth, auditing the accounts of the Commonwealth
and all agencies thereof, of all public officers collecting
moneys payable to the Commonwealth, or any agency thereof,
and all receipts of appropriations from the Commonwealth,
authorizing the Commonwealth to issue tax anticipation notes
to defray current expenses, implementing the provisions of
section 7(a) of Article VIII of the Constitution of
Pennsylvania authorizing and restricting the incurring of
certain debt and imposing penalties; affecting every
department, board, commission, and officer of the State
government, every political subdivision of the State, and
certain officers of such subdivisions, every person,
association, and corporation required to pay, assess, or
collect taxes, or to make returns or reports under the laws
imposing taxes for State purposes, or to pay license fees or
other moneys to the Commonwealth, or any agency thereof,
every State depository and every debtor or creditor of the
Commonwealth," in Treasury Department, further providing for
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
31
32
33
34
35
investment of moneys.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 301.1(i)(2) of the act of April 9, 1929
(P.L.343, No.176), known as The Fiscal Code, is amended to read:
Section 301.1. Investment of Moneys.--* * *
(i) * * *
(2) The authority to invest or reinvest the moneys of any
fund pursuant to this subsection shall expire December 31,
[2019] 2024. The Treasury Department may maintain investments
pursuant to this subsection which are in existence on the
expiration date in this paragraph for not more than two years
following such expiration date.
Section 2. This act shall take effect immediately.
20190SB0712PN0845 - 2 -
1
2
3
4
5
6
7
8
9
10
11
12
13
14