Commonwealth Consolidated Acts Commonwealth Consolidated Acts
1 Section 211
Repeal the section, substitute:
(1) This subsection establishes a reserve called the Universal Service Reserve.
(2) The Universal Service Reserve is a component of the Reserved Money Fund.
(3) The Universal Service Reserve is to be administered by the Department.
2 Section 212
Repeal the section, substitute:
212 Payments into Universal Service Reserve
There must be transferred to the Universal Service Reserve from the Consolidated Revenue Fund:
(a) amounts equal to amounts of levy paid under this Part; and
(b) money appropriated by law for the Universal Service Reserve's purposes; and
(c) amounts equal to interest from the investment of money in the Universal Service Reserve; and
(d) amounts equal to amounts that were overpaid under section 214 and have been recovered; and
(e) amounts equal to amounts paid under section 218.