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Senate Bill 743 Printer's Number 860

PENNSYLVANIA, June 8 - thereof as may be necessary, is appropriated to the Landslide

Insurance Fund for the fiscal year July 1, 2021, through June

30, 2022.

(b) Assistance fund.--The sum of $2,500,000, or as much

thereof as may be necessary, is appropriated to the Landslide

Assistance Fund for the fiscal year July 1, 2021, through June

30, 2022.

(c) Board.--Money in the insurance fund and in the

assistance fund is appropriated to the board in such amounts as

may be determined annually by the Governor to be used for the

specified purposes of this act.

(d) Additional appropriations.--If, upon completion of the

annual examination and audit, it is determined that the total

asset value of either the insurance fund or assistance fund is

less than $2,500,000, any additional sum as may be necessary to

increase the total asset value of the insurance fund or the

insurance fund and the assistance fund to $2,500,000 shall be

appropriated.

Section 906. Cost of administration.

The board shall keep an accurate account of money paid in

premiums by the subscribers and disbursements on account of

damages to premises. If, at the expiration of any year, there is

a balance remaining after deducting the disbursements, the

unearned premiums on undetermined risks and the percentage of

premiums paid or payable to create or maintain the surplus

provided under this act, and after setting aside an adequate

reserve, the board may determine to allocate to the cost of

administering the insurance fund.

Section 907. Commissions.

Money from the insurance fund shall be available to pay a

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