5188a

In order to compensate the municipalities for uncollected real and personal property taxes resulting from the tax exemption provided by § 5185 of this title, a sum equal to the uncollected property taxes resulting from the stated exemption granted prior to the July 1, 1991, and levied by the municipalities as of the date of approval of this act, up to a maximum of two percent (2%), is hereby appropriated annually, from any available funds in the Commonwealth Treasury, to be covered into the funds in trust with the Government Development Bank as provided in subsection (c) of § 5803 of this title. The Secretary of the Treasury shall remit said sum to the Government Development Bank for its corresponding distribution, once the same has been appropriated. History —Aug. 30, 1991, No. 83, added as § 5.39 on Aug. 6, 1992, No. 45, § 3.