5708 - Fund.
§ 5708. Fund. (a) Establishment.--The Philadelphia Taxicab and Limousine Regulatory Fund is established. The fund shall consist of the following accounts, which shall be kept separate and not commingled: (1) Taxicab Account. (2) Limousine Account. (3) Other accounts as determined by the authority. (b) Use of funds.--Money in the fund may be used as follows: (1) Except as provided by subsection (c), money deposited in the Taxicab Account is specifically appropriated for the purposes of this chapter only as it relates to the regulation of taxicabs and shall not be used for limousine regulation and for any purpose not specified by this chapter. (2) Except as provided by subsection (c), money deposited in the Limousine Account is specifically appropriated for the purposes of this chapter only as it relates to the regulation of limousines and shall not be used for taxicab regulation and for any purpose not specified by this chapter. (c) Shared regulatory expenses.--Expenses to the fund that are not exclusively related to either taxicabs or limousines shall be divided as follows: (1) Except as provided by paragraph (2), any expense incurred by the authority for the regulation of taxicabs and limousines which is not exclusively related to either taxicabs or limousines shall be divided and charged to both the Taxicab Account and the Limousine Account in a fair and equitable manner as determined by the authority. (2) Any expense incurred by the authority for the regulation of taxicabs and limousines which is not exclusively related to either taxicabs or limousines and the relative share of those costs cannot be determined shall be divided in a fair and equitable manner between the Taxicab Account and the Limousine Account as determined by the authority, and the authority may adjust this measure from time to time. (d) Revenues.--All sources of revenue, including fees and other revenues, interest earned by the fund, refunds, repayments and other deposits, shall be credited as follows: (1) All revenues exclusively related to taxicabs shall be deposited in the Taxicab Account. (2) All revenues exclusively related to limousines shall be deposited in the Limousine Account. (3) All revenues that are not exclusively related to either taxicabs or limousines shall be divided in a manner determined by the authority to be fair and equitable. (e) Borrowing from the account.--As may be necessary to fulfill its duty in carrying out this chapter, the authority may borrow money from one account established by this section for the purpose of the other account established by this section provided that the borrowed amount is repaid. (f) Allocation of revenue and expenses.--The authority, at its discretion, may allocate expenses and revenues to the appropriate accounts. (July 16, 2004, P.L.758, No.94, eff. imd.) 2004 Amendment. Act 94 added section 5708. Cross References. Section 5708 is referred to in sections 5701, 5709 of this title; section 6507 of Title 75 (Vehicles).