2010 Pennsylvania Code
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 55 - Corporate Powers, Duties and Safeguards
5588 - Amortization of premiums on securities held.

     § 5588.  Amortization of premiums on securities held.
        If a bond or other obligation for the payment of money is
     acquired as an investment for any common trust fund at a cost in
     excess of the par or maturity value thereof, the nonprofit
     corporation may, during (but not beyond) the period that such
     obligation is held as an investment in such fund, amortize such
     excess cost out of the income on such obligation, by deducting
     from each payment of income and adding to principal an amount
     equal to the sum obtained by dividing such excess cost by the
     number of periodic payments of income to accrue on such
     obligation from the date of such acquisition until its maturity
     date.