Section 1753.1-E - Commonwealth Financing Authority Restricted Revenue Account.(a) Account.--There is established a restricted revenue account within the General Fund for the purpose of making principal and interest payments coming due in each fiscal year, beginning July 1, 2016, or thereafter, for outstanding indebtedness of the Commonwealth Financing Authority. The State Treasurer, upon consultation with the Secretary of the Budget, shall transfer from the general revenues of the Commonwealth collected under Article II of the act of March 4, 1971 ( P.L. 6, No.2), known as the Tax Reform Code of 1971, to the restricted revenue account such amounts, as may be necessary, to make payment for principal and interest obligations. The State Treasurer and the Secretary of the Budget shall consider the timing of principal and interest payments and General Fund cash flow when determining transfer amounts. Transfer of general revenues under this section shall not exceed the amount certified under 64 Pa.C.S. § 1543(e) (relating to indebtedness).(b) Reports.--Within ten days of the expiration of each quarter of each fiscal year, the Secretary of the Budget shall provide to the chairperson and minority chairperson of the Appropriations Committee of the Senate and the chairperson and minority chairperson of the Appropriations Committee of the House of Representatives a report relating to the restricted revenue account under subsection (a) that includes at least all of the following:(1) A list of transfers from the general revenues of the Commonwealth collected under Article II of the act of March 4, 1971 ( P.L. 6, No.2), known as the Tax Reform Code of 1971, to the restricted revenue account in the preceding quarter.(2) A list of projected transfers from the general revenues of the Commonwealth collected under Article II of the Tax Reform Code of 1971 to the restricted revenue account that will be made in the succeeding four quarters.(3) An itemized list of the principal and interest payments and the timing of those payments made from the restricted revenue account in the preceding quarter.(4) An itemized list of the principal and interest payments and the timing of those payments to be paid from the restricted revenue account in the succeeding four quarters.(5) An estimate of the total amount of outstanding Commonwealth Financing Authority debt to be paid from the restricted revenue account.Amended by P.L. TBD 2017 No. 44, § 15.2, eff. 10/30/2017.Added by P.L. 664 2016 No. 85, § 20, eff. 7/13/2016.