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Senate Bill 154 Printer's Number 133

PENNSYLVANIA, March 17 - shall have the meanings given to them in this section unless the

context clearly indicates otherwise:

"Critical infrastructure." Public and private assets and

networks, whether physical or virtual, so vital that their

incapacitation or destruction would have a debilitating effect

on national security, the economy, public health or safety, or

any combination of national security, the economy, public health

or safety.

"Debt obligations." An obligation to pay money, including

amounts owed for payments relating to lease rental debt, debt

service, bonds, notes, guarantees for bonds or notes, trust

indentures, contracts or other agreements.

"Distressed municipality." A municipality which has been

determined to be financially distressed under section 203(f).

"Fund." The Distressed Municipalities Recovery Fund

established under section 502-A.

"Municipality." A municipality as defined in section 103,

other than a city of the first class.

Section 502-A. Distressed Municipalities Recovery Fund.

(a) Establishment.--The Commonwealth Financing Authority

shall establish a separate account to be known as the Distressed

Municipalities Recovery Fund.

(b) Deposit.--Notwithstanding section 2 of the act of June

9, 1936 (1st Sp.Sess., P.L.13, No.4), entitled "An act imposing

an emergency State tax on liquor, as herein defined, sold by the

Pennsylvania Liquor Control Board; providing for the collection

and payment of such tax; and imposing duties upon the Department

of Revenue and the Pennsylvania Liquor Control Board," 1/18 of

the revenues received by the Commonwealth pursuant to the

imposition of the tax imposed under section 2 of the act of June

20210SB0154PN0133 - 2 -

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