Pennsylvania § 9312 - Exchange fund.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 9312 — Exchange fund., with citation guidance and answers to common questions.
§ 9312. Exchange fund.
(a) Establishment.--The Pennsylvania Health Insurance Exchange Fund is established as a special fund within the State Treasury. The exchange fund shall be administered by the exchange authority for the purposes set forth in this chapter, including the deposit of money that may be received pursuant to and disbursements permitted by this chapter.
(b) Deposit and use of money.--The following apply:
(1) Money deposited into the exchange fund shall be held for the purposes set forth in this chapter and may not be considered a part of the General Fund.
(2) Money in the exchange fund may only be used to effectuate the purposes of this chapter as determined by the exchange authority.
(3) All interest earned from the investment or deposit of money in the exchange fund shall be deposited into the exchange fund.
(4) All accrued and future earnings from money invested by the exchange authority and other accrued and future earnings from nonappropriated money, including, but not limited to, money obtained from the Federal Government and fees, shall be available to the exchange authority and shall be deposited into the State Treasury and may be utilized at the discretion of the board for carrying out any of the corporate purposes of the exchange authority.
(5) Placement of money by the State Treasurer in depositories or investments shall be consistent with guidelines approved by the board.
(6) For the purpose of administration, the exchange authority shall be subject to sections 610, 613 and 614 of act of April 9, 1929 (P.L.177, No.175), known as The Administrative Code of 1929.
(c) Nonlapsing and revolving fund.--The exchange fund shall be a nonlapsing fund. All money in the exchange fund and interest accrued are appropriated to the exchange authority for expenditure consistent with this chapter.
Cross References. Section 9312 is referred to in sections 9103, 9305 of this title.
Frequently Asked Questions About Pennsylvania § 9312
What does Pennsylvania Consolidated Statutes § 9312 cover?
Section 9312 ("Exchange fund.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Pennsylvania § 9312?
A common citation format is "Pennsylvania Consolidated Statutes § 9312" (Pennsylvania). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 9312 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Pennsylvania.