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§ 63.97. Return or sale of moneys or securities.
Any deposit of moneys or securities received will be held until the organizations liability for payments is terminated. Upon termination of liability the deposit will be returned, minus any amount, including interest and penalty, due the Department. The Department is authorized to sell securities deposited to satisfy any amount due. All securities pledged to the Department but held in escrow will be released through written advice by the Department upon termination of liability as a reimbursing nonprofit employer, but only if all amounts due have been paid.
Cross References This section cited in 34 Pa. Code § 63.94 (relating to filing of security deposit).
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