In 1993, the Pennsylvania General Assembly, in a nearly unanimous vote, and the general public, in an overwhelming referendum vote, established the Keystone Recreation, Park and Conservation Fund. The Keystone Fund and its dedicated funding source, a 15% share of the state’s realty transfer tax, passed 48-0 in the Senate and 196-3 in the House. (Act 50 of 1993). In November 1993, Pennsylvania citizens strongly affirmed the General Assembly’s action, with 67% of voters voting to supplement the Keystone Fund’s permanent funding stream with $50 million in bond revenues.
In establishing the Keystone Fund, the General Assembly sought to create a dedicated and permanent funding source for making investments in recreation, parks, conservation, libraries, historical preservation, and education.