PA SB1040

State Treasurer may waive interest, costs, and fees on investment loans issued during budgetary impasses for fiscal years 2025-2026 and 2026-2027

Eligible loan recipients include county governments, domestic violence programs, Head Start agencies, rape crisis programs, and Pre-K Counts Program providers

Loans provide short-term funding to organizations awaiting state appropriation payments when the General Appropriation Act is delayed past July 1

Waiving interest will not be considered a violation of the State Treasurer's fiduciary investment standards under the Fiscal Code

Applies retroactively to July 1, 2025, and takes effect immediately upon enactment