Pennsylvania Code
Pennsylvania Code & Bulletin
COMMONWEALTH OF PENNSYLVANIA

• No statutes or acts will be found at this website.

The Pennsylvania Bulletin website includes the following: Rulemakings by State agencies; Proposed Rulemakings by State agencies; State agency notices; the Governor’s Proclamations and Executive Orders; Actions by the General Assembly; and Statewide and local court rules.

PA Bulletin, Doc. No. 18-349

NOTICES

OFFICE OF THE BUDGET

Certificate of the Secretary of the Budget of the Commonwealth of Maximum Amount of Revenues Collected under Article II Pledged under Section 2804(c)(1) of the Tax Reform Code

[48 Pa.B. 1406]
[Saturday, March 3, 2018]

 The Commonwealth Financing Authority (the ''Authority'') plans to issue its $1,487,170,000 aggregate principal amount of Tobacco Master Settlement Payment Revenue Bonds, Series 2018 (the ''Bonds'') within thirty (30) days of the date hereof. In connection therewith, I, Randy Albright, Secretary of the Budget of the Commonwealth of Pennsylvania, Do Hereby Certify, as required by Section 2804(c)(2) of Article XXVIII of the Tax Reform Code, Act of March 4, 1971, P.L. 6, No. 2, as amended, including by the Act of October 30, 2017, P.L. 673, No. 43 (collectively, the ''Tax Reform Code''), that the maximum amount of general revenues collected by the Commonwealth under Article II of the Tax Reform Code that are pledged under Section 2804(c)(1) of the Tax Reform Code for the payment of principal and interest on the Bonds are as set forth in Exhibit ''A'' as follows.

 This Certification shall be published in the Pennsylvania Bulletin as soon as possible and in no event later than March 22, 2018.

 In Witness Whereof, the Commonwealth has caused this Certificate to be executed on its behalf by its Secretary of the Budget as of this 13th day of February, 2018.

RANDY ALBRIGHT, 
Secretary

Exhibit ''A''

Pledged Article II Revenues Pursuant to Section 2804(c)(1) of the Tax Reform Code1

Fiscal Year Ending June 30 Amount2
2020 $115,336,900.00 
2021 115,338,650.00
2022 115,337,400.00
2023 115,337,650.00
2024 115,338,400.00
2025 115,338,400.00
2026 115,336,150.00
2027 115,339,900.00
2028 115,337,150.00
2029 115,340,650.00
2030 115,337,150.00
2031 115,338,650.00
2032 115,336,150.00
2033 115,335,650.00
2034 115,337,400.00
2035 115,336,150.00
2036 115,336,400.00
2037 115,337,800.00
2038 115,336,400.00
2039 115,336,000.00

1 Maximum Amounts. The amount payable each year shall be net of amounts then held in the Debt Service Account established under the Indenture.

2 Net of interest due on the Bonds on June 1, 2018, December 1, 2018, and June 1, 2019, which has been funded with proceeds of the Bonds deposited in the Capitalized Interest Subaccount of the Debt Service Fund held under the Indenture.

[Pa.B. Doc. No. 18-349. Filed for public inspection March 2, 2018, 9:00 a.m.]


No part of the information on this site may be reproduced for profit or sold for profit.

This material has been drawn directly from the official Pennsylvania Bulletin full text database. Due to the limitations of HTML or differences in display capabilities of different browsers, this version may differ slightly from the official printed version.