<SEC-DOCUMENT>0000844779-16-000194.txt : 20160927
<SEC-HEADER>0000844779-16-000194.hdr.sgml : 20160927
<ACCEPTANCE-DATETIME>20160927162118
ACCESSION NUMBER:		0000844779-16-000194
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		7
CONFORMED PERIOD OF REPORT:	20160731
FILED AS OF DATE:		20160927
DATE AS OF CHANGE:		20160927
EFFECTIVENESS DATE:		20160927

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND
		CENTRAL INDEX KEY:			0000891038
		IRS NUMBER:				223199516
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-07136
		FILM NUMBER:		161904639

	BUSINESS ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
		BUSINESS PHONE:		800-441-7762

	MAIL ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK MUNIYIELD PENNSYLVANIA INSURED FUND
		DATE OF NAME CHANGE:	20080620

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK MUNIYIELD INSURED PENNSYLVANIA FUND
		DATE OF NAME CHANGE:	20070803

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK MUNIYIELD PENNSYLVANIA FUND
		DATE OF NAME CHANGE:	20070611
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-B
<SEQUENCE>1
<FILENAME>answer.fil
<TEXT>
<PAGE>      PAGE  1
000 B000000 07/31/2016
000 C000000 0000891038
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND
001 B000000 811-07136
001 C000000 8004417762
002 A000000 100 BELLEVUE PARKWAY
002 B000000 WILMINGTON
002 C000000 DE
002 D010000 19809
003  000000 N
004  000000 N
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008 A000001 BLACKROCK ADVISORS, LLC
008 B000001 A
008 C000001 801-47710
008 D010001 WILMINGTON
008 D020001 DE
008 D030001 19809
012 A000001 COMPUTERSHARE TRUST COMPANY, N.A.
012 B000001 85-11340
012 C010001 CANTON
012 C020001 MA
012 C030001 02021
012 A000002 THE BANK OF NEW YORK MELLON (PREFERRED)
012 B000002 85-05006
012 C010002 NEW YORK
012 C020002 NY
012 C030002 10289
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 BOSTON
013 B020001 MA
013 B030001 02116
014 A000001 BLACKROCK EXECUTION SERVICES
014 B000001 8-48719
014 A000002 BLACKROCK INVESTMENTS, LLC
014 B000002 8-48436
014 A000003 HARRIS WILLIAMS LLC
014 B000003 8-53380
014 A000004 PNC CAPITAL MARKETS, INC.
014 B000004 8-32493
<PAGE>      PAGE  2
014 A000005 PNC INVESTMENTS LLC
014 B000005 8-66195
014 A000006 SOLEBURY CAPITAL, LLC
014 B000006 8-67548
015 A000001 STATE STREET BANK & TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02110
015 E010001 X
018  000000 Y
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019 B000000  272
019 C000000 BLKRKADVSR
020 A000001 BANK OF AMERICA CORP
020 B000001 56-0906609
020 C000001      2
021  000000        2
022 A000001 BLACKROCK LIQUIDITY FUNDS, MUNICASH
022 B000001 52-0983343
022 C000001     24337
022 D000001     23881
022 A000002 BIF PENNSYLVANIA MUNICIPAL MONEY FUND
022 B000002 22-6507573
022 C000002     21269
022 D000002     21652
022 A000003 WELLS FARGO BANK NA
022 B000003 94-1347393
022 C000003     18154
022 D000003      4289
022 A000004 PERSHING LLC
022 B000004 13-2741729
022 C000004       143
022 D000004     17391
022 A000005 FFI INSTITUTIONAL TAX-EXEMPT FUND
022 B000005 22-2509978
022 C000005      7599
022 D000005      7599
022 A000006 MORGAN STANLEY & CO INC
022 B000006 13-2655998
022 C000006      5652
022 D000006      9011
022 A000007 J.P. MORGAN SECURITIES LLC
022 B000007 13-4110995
022 C000007     13058
022 D000007         0
022 A000008 BANK OF AMERICA CORP
022 B000008 56-0906609
022 C000008     10482
022 D000008      2231
022 A000009 CITIGROUP GLOBAL MARKETS INC
<PAGE>      PAGE  3
022 B000009 11-2418191
022 C000009      3673
022 D000009      5958
022 A000010 PIPER JAFFRAY & CO
022 B000010 41-0953246
022 C000010      9056
022 D000010         0
023 C000000     136054
023 D000000     102802
024  000000 N
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
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026 F000000 N
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080 A000000 Federal Insurance Company
080 B000000 St. Paul Fire & Marine Insurance Company
080 C000000    61025
081 A000000 Y
081 B000000  74
082 A000000 N
082 B000000        0
083 A000000 N
083 B000000        0
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087 A020000 09255G107
087 A030000 MPA
087 B010000 PREFERRED STOCK
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 Y
SIGNATURE   NEAL J. ANDREWS
TITLE       CFO

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77I NEW SECUR
<SEQUENCE>2
<FILENAME>mpa77i.txt
<TEXT>
<PAGE>

          BlackRock MuniYield Pennsylvania Quality Fund (the "Fund")
                              File No. 811-07136
        Item No. 77I (Terms of New or Amended Securities) -- Attachment

A copy of the Amendment to the Notice of Special Rate Period of the Fund's
Variable Rate Demand Preferred Shares is attached under Sub-Item 77Q1(a).
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>3
<FILENAME>mpa77q1a.txt
<TEXT>
<PAGE>

          BlackRock MuniYield Pennsylvania Quality Fund (the "Fund")
                              File No. 811-07136
  Item No. 77Q1(a) (Copies of Material Amendments to Registrant's Charter or
                            By-laws) -- Attachment

Attached please find as an exhibit under Sub-Item 77Q1(a) of Form N-SAR, a copy
of the Fund's Amendment to the Notice of Special Rate Period of the Fund's
Variable Rate Demand Preferred Shares filed with the books and records of the
Fund on June 7, 2016.

                                      1

<PAGE>

                                                                Exhibit 77Q1(a)

                 BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND
                                 (THE "FUND")
                                  SERIES W-7
             VARIABLE RATE DEMAND PREFERRED SHARES ("VRDP SHARES")

                             CUSIP NO. 09255G503*

                  AMENDMENT TO NOTICE OF SPECIAL RATE PERIOD

                                          June 7, 2016

                                          BlackRock MuniYield Pennsylvania
                                          Quality Fund
                                          100 Bellevue Parkway
                                          Wilmington, Delaware 19809

TO: Addressees listed on Schedule 1 hereto

   In accordance with the Fund's Certificate of Designation Establishing and
Fixing the Rights and Preferences of Variable Rate Demand Preferred Shares,
dated May 17, 2011 (the "CERTIFICATE OF DESIGNATION"), the Fund hereby notifies
the Liquidity Provider, the Remarketing Agent and the Holders of the VRDP
Shares that the last day of the Special Rate Period has been extended from
June 22, 2016 to June 21, 2017 in accordance with the terms of the Notice of
Special Rate Period, dated June 20, 2012 (the "NOTICE OF SPECIAL RATE PERIOD").

   The last day of the Special Rate Period shall be June 21, 2017, or such
later date as the Special Rate Period may be extended pursuant to the terms of
the Notice of Special Rate Period.

   Capitalized terms used but not defined in this Amendment to Notice of
Special Rate Period shall have the meanings given to such terms in the
Certificate of Designation and the Notice of Special Rate Period.

                           [Signature Page Follows]

--------
* NOTE: Neither the Fund nor the Tender and Paying Agent shall be responsible
  for the selection or use of the CUSIP Numbers selected, nor is any
  representation made as to its correctness indicated in any notice or as
  printed on any VRDP Share certificate. It is included solely as a convenience
  to Holders of VRDP Shares.

                                      2

<PAGE>

IN WITNESS WHEREOF, I have signed this Amendment to the Notice of Special Rate
Period as of the date first written above.

                                             BLACKROCK MUNIYIELD PENNSYLVANIA
                                             QUALITY FUND

                                             By:  /s/ Jonathan Diorio
                                                  -------------------------
                                                  Name:  Jonathan Diorio
                                                  Title: Vice President

                                      3

<PAGE>

                                                                     SCHEDULE 1

               RECIPIENTS OF THIS NOTICE OF SPECIAL RATE PERIOD

Citibank, N.A.
390 Greenwich Street, 2nd Floor
New York, New York 10013
Attention: MSD Middle Office Manager
Telephone: (212) 723-6320
Fax: (212) 723-8642
Email: msdcititob@citi.com

Citigroup Global Markets Inc.
390 Greenwich Street
New York, New York 10013
Attention: Middle Office Manager
Telephone: (212) 723-7124
Fax: (212) 723-8642
Email: msdcititob@citi.com

The Depository Trust Company
LensNotice@dtcc.com
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>4
<FILENAME>mpa77q1d.txt
<TEXT>
<PAGE>

          BlackRock MuniYield Pennsylvania Quality Fund (the "Fund")
                              File No. 811-07136
    Item No. 77Q1(d) (Copies of All Constituent Instruments Referred to in
                          Sub-Item 77I) -- Attachment

A copy of the Amendment to the Notice of Special Rate Period of the Fund's
Variable Rate Demand Preferred Shares is attached under Sub-Item 77Q1(a).
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>5
<FILENAME>myi77b.txt
<TEXT>
<PAGE>

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

TO THE SHAREHOLDERS AND BOARD OF DIRECTORS OF BLACKROCK MUNIHOLDINGS CALIFORNIA
QUALITY FUND, INC., BLACKROCK MUNIHOLDINGS NEW JERSEY QUALITY FUND, INC., AND
BLACKROCK MUNIYIELD MICHIGAN QUALITY FUND, INC.; AND TO THE SHAREHOLDERS AND
BOARD OF TRUSTEES OF BLACKROCK MUNIYIELD INVESTMENT QUALITY FUND AND BLACKROCK
MUNIYIELD PENNSYLVANIA QUALITY FUND:

In planning and performing our audits of the financial statements of BlackRock
MuniHoldings California Quality Fund, Inc., BlackRock MuniHoldings New Jersey
Quality Fund, Inc., BlackRock MuniYield Michigan Quality Fund, Inc., BlackRock
MuniYield Investment Quality Fund and BlackRock MuniYield Pennsylvania Quality
Fund (collectively, the "Funds"), as of and for the year ended July 31, 2016,
in accordance with the standards of the Public Company Accounting Oversight
Board (United States), we considered the Funds' internal control over financial
reporting, including controls over safeguarding securities, as a basis for
designing our auditing procedures for the purpose of expressing our opinion on
the financial statements and to comply with the requirements of Form N-SAR, but
not for the purpose of expressing an opinion on the effectiveness of the Funds'
internal control over financial reporting. Accordingly, we express no such
opinion.

The management of the Funds is responsible for establishing and maintaining
effective internal control over financial reporting. In fulfilling this
responsibility, estimates and judgments by management are required to assess
the expected benefits and related costs of controls. A fund's internal control
over financial reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally
accepted accounting principles. A fund's internal control over financial
reporting includes those policies and procedures that (1) pertain to the
maintenance of records that, in reasonable detail, accurately and fairly
reflect the transactions and dispositions of the assets of the fund; (2)
provide reasonable assurance that transactions are recorded as necessary to
permit preparation of financial statements in accordance with generally
accepted accounting principles, and that receipts and expenditures of the fund
are being made only in accordance with authorizations of management and
directors/trustees of the fund; and (3) provide reasonable assurance regarding
prevention or timely detection of unauthorized acquisition, use, or disposition
of a fund's assets that could have a material effect on the financial
statements.

Because of its inherent limitations, internal control over financial reporting
may not prevent or detect misstatements. Also, projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may
become inadequate because of changes in conditions or that the degree of
compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the
design or operation of a control does not allow management or employees, in the
normal course of performing their assigned functions, to prevent or detect
misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control over financial reporting, such
that there is a reasonable possibility that a material misstatement of the
Funds' annual or interim financial statements will not be prevented or detected
on a timely basis.

Our consideration of the Funds' internal control over financial reporting was
for the limited purpose described in the first paragraph and would not
necessarily disclose all deficiencies in internal control that might be
material weaknesses under standards established by the Public Company
Accounting Oversight Board (United States). However, we noted no deficiencies
in the Funds' internal control over financial reporting and its operation,
including controls for safeguarding securities, that we consider to be a
material weakness, as defined above, as of July 31, 2016.

This report is intended solely for the information and use of management and
the Board of Directors/Trustees of BlackRock MuniHoldings California Quality
Fund, Inc., BlackRock MuniHoldings New Jersey Quality Fund, Inc., BlackRock
MuniYield Investment Quality Fund., BlackRock MuniYield Michigan Quality Fund,
Inc., & BlackRock MuniYield Pennsylvania Quality Fund., and the Securities and
Exchange Commission and is not intended to be and should not be used by anyone
other than these specified parties.

/s/ Deloitte & Touche LLP
Boston, Massachusetts
September 26, 2016
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77O RULE 10F-3
<SEQUENCE>6
<FILENAME>pahous77o.txt
<TEXT>
<PAGE>

Rule 10f-3 Transaction Form                                             [LOGO]
                                                                     BLACKROCK


Acquisition of Securities During Affiliated Underwritings

PARTICIPATING FUNDS

..  U.S. Registered Funds (Name of Fund, Aladdin Ticker):
   BlackRock Pennsylvania Municipal Bond Fund of BlackRock Multi-State Municip
   (BR-PAMUNI)
   BlackRock Municipal Income Quality Trust (BYM)
   BlackRock MuniYield Pennsylvania Quality Fund, Inc. (MPA)
   BlackRock MuniYield Quality Fund II, Inc. (MQT)
   BlackRock MuniVest Fund, Inc. (MVF)

THE OFFERING

KEY CHARACTERISTICS (COMPLETE ALL FIELDS)

<TABLE>
<C>                             <S>
Date of Offering Commencement:  11-05-2015

Security Type:                  BND/MUNI

Issuer                          The Pennsylvania Housing Finance Agency Single
                                Family Mortgage Revenue Bonds Series 2015-118-B

Selling Underwriter             RBC Capital markets

Affiliated Underwriter(s)       [X] PNC Capital Markets LLC
                                [_] Other:

List of Underwriter(s)          RBC Capital Markets, Wells Fargo Securities,
                                LLC, Barclays Capital Inc., Merrill
                                Lynch,Pierce, Fenner & Smith Incorporated,
                                George K.Baum & Company, Janney Montgomery
                                Scott, J.P. Morgan Securities LLC, Loop
                                Capital Markets, Morgan Stanley & Co. LLC,
                                Piper Jaffray & Co., PNC Capital Markets LLC,
                                Quoin Capital LLC
</TABLE>

TRANSACTION DETAILS

Date of Purchase       11-05-2015

<TABLE>
<S>                       <C>  <C>                                    <C>
Purchase Price/Share      $100 Total Commission, Spread or Profit     0.694
(PER SHARE / % OF PAR)
</TABLE>

<TABLE>
  <S>                                                             <C>
  1. Aggregate Principal Amount Purchased (a+b)                   $11,000,000
                                                                  -----------
     a. US Registered Funds
        (Appendix attached with individual Fund/Client purchase)  $11,000,000
                                                                  -----------
     b. Other BlackRock Clients                                           N/A
                                                                  -----------
  2. Aggregate Principal Amount of Offering                       $90,000,000
                                                                  -----------
  FUND RATIO
  [Divide Sum of #1 by #2]
  Must be less than 0.25                                              0.12222
                                                                  -----------
</TABLE>

                                  Page 1 of 2

<PAGE>

Rule 10f-3 Report - Definitions                                         [LOGO]
                                                                     BLACKROCK

LEGAL REQUIREMENTS

OFFERING TYPE (CHECK ONE)

The securities fall into one of the following transaction types (see
Definitions):

[_]   U.S. Registered Public Offering... [Issuer must have 3 years of
                                         continuous operations]
[_]   Eligible Rule 144A Offering....... [Issuer must have 3 years of
                                         continuous operations]
[X]   Eligible Municipal Securities
[_]   Eligible Foreign Offering......... [Issuer must have 3 years of
                                         continuous operations]
[_]   Government Securities Offering.... [Issuer must have 3 years of
                                         continuous operations]

TIMING AND PRICE (CHECK ONE OR BOTH)

[X]The securities were purchased before the end of the first day on which any
   sales were made, at a price that was not more than the price paid by each
   other purchaser of securities in that offering or in any concurrent offering
   of the securities; and

[_]If the securities are offered for subscription upon exercise of rights, the
   securities were purchased on or before the fourth day before the day on
   which the rights offering terminated.

FIRM COMMITMENT OFFERING (CHECK ONE)

[X] YES  The securities were offered pursuant to an underwriting or similar
[_] NO   agreement under which the underwriters were committed to purchase all
         of the securities being offered, except those purchased by others
         pursuant to a rights offering, if the underwriters purchased any of
         the securities.

NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE)

[X] YES  No affiliated underwriter was a direct or indirect participant in, or
[_] NO   benefited directly or indirectly from, the transaction.

Completed by:  Dipankar Banerjee                              Date: 12-18-2015
               ------------------------------------
               Global Syndicate Team Member

Approved by:   Betsy Mathews, Steven Delaura                  Date: 12-18-2015
               ------------------------------------
               Global Syndicate Team Member

<PAGE>

Rule 10f-3 Report - Definitions                                         [LOGO]
                                                                     BLACKROCK

DEFINITIONS

          TERM                                 DEFINITION
Fund Ratio                 Number appearing at the bottom of page 1 of 2 of
                           the Rule 10f-3 Report form. It is the sum of the
                           Funds' participation in the offering by the Funds
                           and other accounts managed by BlackRock divided by
                           the total amount of the offering.

Eligible Foreign Offering  The securities are sold in a public offering
                           conducted under the laws of a country other than
                           the United States and

                           (a)  the offering is subject to regulation in such
                                country by a "foreign financial regulatory
                                authority," as defined in Section 2(a)(50) of
                                the Investment Company Act of 1940;

                           (b)  the securities were offered at a fixed price
                                to all purchasers in the offering (except for
                                any rights to purchase securities that are
                                required by law to be granted to existing
                                security holders of the issuer);

                           (c)  financial statements, prepared and audited as
                                required or permitted by the appropriate
                                foreign financial regulatory authority in such
                                country, for the two years prior to the
                                offering, were made available to the public
                                and prospective purchasers in connection with
                                the offering; and

                           (d)  if the issuer is a "domestic issuer," i.e.,
                                other than a foreign government, a national of
                                any foreign country, or a corporation or other
                                organization incorporated or organized under
                                the laws of any foreign country, it (1) has a
                                class of securities registered pursuant to
                                section 12(b) or 12(g) of the Securities
                                Exchange Act of 1934 or is required to file
                                reports pursuant to section 15(d) of that act,
                                and (2) has filed all the material required to
                                be filed pursuant to section 13(a) or 15(d) of
                                that act for a period of at least 12 months
                                immediately preceding the sale of securities
                                (or for such shorter period that the issuer
                                was required to file such material)

<PAGE>

Rule 10f-3 Report - Definitions                                         [LOGO]
                                                                     BLACKROCK


             TERM                                 DEFINITION
Eligible Municipal Securities   The securities:

                                (a)  are direct obligations of, or obligations
                                     guaranteed as to principal or interest
                                     by, a State or any political subdivision
                                     thereof, or any agency or instrumentality
                                     of a State or any political subdivision
                                     thereof, or any municipal corporate
                                     instrumentality of one or more States, or
                                     any security which is an industrial
                                     development bond (as defined in section
                                     103(c)(2) of Title 26) the interest on
                                     which is excludable from gross income
                                     under certain provisions of the Internal
                                     Revenue Code;

                                (b)  are sufficiently liquid that they can be
                                     sold at or near their carrying value
                                     within a reasonably short period of time;
                                     and

                                (c)  either

                                     (1)  are subject to no greater than
                                          moderate credit risk; or

                                     (2)  if the issuer of the municipal
                                          securities, or the entity supplying
                                          the revenues or other payments from
                                          which the issue is to be paid, has
                                          been in continuous operation for
                                          less than three years, including the
                                          operation of any predecessors, the
                                          securities are subject to a minimal
                                          or low amount of credit risk.

                                Also, purchases of municipal securities may
                                not be designated as group sales or otherwise
                                allocated to the account of any prohibited
                                seller (i.e., an affiliated underwriter).

Eligible Rule 144A Offering     The securities are sold in an offering where

                                (a)  the securities are offered or sold in
                                     transactions exempt from registration
                                     under Section 4(2) of the Securities Act
                                     of 1933, Rule 144A thereunder, or Rules
                                     501-508 thereunder;

                                (b)  the securities were sold to persons that
                                     the seller and any person acting on
                                     behalf of the seller reasonably believe
                                     to include qualified institutional
                                     buyers, as defined in Rule 144A ("QIBs");
                                     and

                                (c)  the seller and any person acting on
                                     behalf of the seller reasonably believe
                                     that the securities are eligible for
                                     resale to other QIBs pursuant to Rule
                                     144A.

Government Securities Offering  The security is issued or guaranteed as to
                                principal or interest by the United States, or
                                by a person controlled or supervised by and
                                acting as an instrumentality of the Government
                                of the United States pursuant to authority
                                granted by the Congress of the United States;
                                or any certificate of deposit for any of the
                                foregoing.

<PAGE>

Rule 10f-3 Report - Definitions                                         [LOGO]
                                                                     BLACKROCK


              TERM                                 DEFINITION
U.S. Registered Public Offering.  The securities offered are registered under
                                  the Securities Act of 1933 that are being
                                  offered to the public.
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77O RULE 10F-3
<SEQUENCE>7
<FILENAME>philpa77o.txt
<TEXT>
<PAGE>

                                                                        [LOGO]
                                                                     BLACKROCK


Rule 10f-3 Transaction Form

Acquisition of Securities During Affiliated Underwritings

PARTICIPATING FUNDS

..  U.S. Registered Funds (Name of Fund, Aladdin Ticker):
   BlackRock Municipal 2018 Term Trust (BPK)
   BlackRock Pennsylvania Municipal Bond Fund of BlackRock Multi-State Municip
   (BR-PAMUNI)
   BlackRock MuniYield Pennsylvania Quality Fund, Inc. (MPA)

THE OFFERING

KEY CHARACTERISTICS (COMPLETE ALL FIELDS)

<TABLE>
<S>                             <C>
Date of Offering Commencement:  08/05/2015
Security Type:                  BND/MUNI
</TABLE>

<TABLE>
<C>                        <S>
Issuer                     CITY OF PHILADELPHIA, PENNSYLVANIA
                           Gas Works Revenue Refunding Bonds
                           Thirteenth Series (1998 General Ordinance)

Selling Underwriter        WELLS FARGO SECURITIES LLC

Affiliated Underwriter(s)  [X] PNC Capital Markets LLC
                           [_] Other:

List of Underwriter(s)     Wells Fargo Securities , PNC Capital Markets LLC, Bank
                           of America Merrill Lynch, Citigroup Global Markets
                           Inc, Goldman,Sachs & Co.,J.P. Morgan Securities LLC,
                           Loop Capital Markets, Williams Capital Group L.P.,
</TABLE>

TRANSACTION DETAILS

<TABLE>
<S>               <C>
Date of Purchase  08-03-2015
</TABLE>

<TABLE>
<S>                     <C>      <C>                                 <C>
Purchase Price/Share    $107.584 Total Commission, Spread or Profit  0.424
(PER SHARE / % OF PAR)  $112.066
                        $111.799
                        $111.356
                        $110.651
                        $110.301
</TABLE>

<TABLE>
 <S>                                                                <C>
 1. Aggregate Principal Amount Purchased (a+b)                      $9,500,000
                                                                    ----------

    a. US Registered Funds
       (Appendix attached with individual Fund/Client purchase)     $8,500,000
                                                                    ----------
</TABLE>

                                  Page 1 of 2

<PAGE>

Rule 10f-3 Report - Definitions                                         [LOGO]
                                                                     BLACKROCK


<TABLE>
            <S>                                        <C>
               b. Other BlackRock Clients              $  1,000,000
                                                       ------------
            2. Aggregate Principal Amount of Offering  $261,770,000
                                                       ------------
            FUND RATIO
            [Divide Sum of #1 by #2]
            Must be less than 0.25                         0.036291
                                                       ------------
</TABLE>

LEGAL REQUIREMENTS

OFFERING TYPE (CHECK ONE)

The securities fall into one of the following transaction types (see
Definitions):

[_]  U.S. Registered Public Offering.. [Issuer must have 3 years of continuous
                                       operations]
[_]  Eligible Rule 144A Offering...... [Issuer must have 3 years of continuous
                                       operations]
[X]  Eligible Municipal Securities
[_]  Eligible Foreign Offering........ [Issuer must have 3 years of continuous
                                       operations]
[_]  Government Securities Offering... [Issuer must have 3 years of continuous
                                       operations]

TIMING AND PRICE (CHECK ONE OR BOTH)

[X]  The securities were purchased before the end of the first day on which any
     sales were made, at a price that was not more than the price paid by each
     other purchaser of securities in that offering or in any concurrent
     offering of the securities; and

[_]  If the securities are offered for subscription upon exercise of rights,
     the securities were purchased on or before the fourth day before the day
     on which the rights offering terminated.

FIRM COMMITMENT OFFERING (CHECK ONE)

[X] YES  The securities were offered pursuant to an underwriting or similar
[_] NO   agreement under which the underwriters were committed to purchase all
         of the securities being offered, except those purchased by others
         pursuant to a rights offering, if the underwriters purchased any of
         the securities.

NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE)

[X] YES  No affiliated underwriter was a direct or indirect participant in, or
[_] NO   benefited directly or indirectly from, the transaction.

<TABLE>
<C>            <S>                                            <C>
Completed by:  Dillip Behera                                  Date: 08-15-2015
               ------------------------------------
               Global Syndicate Team Member

Approved by:   Steven DeLaura                                 Date: 08-15-2015
               ------------------------------------
               Global Syndicate Team Member
</TABLE>

<PAGE>

Rule 10f-3 Report - Definitions                                         [LOGO]
                                                                     BLACKROCK

DEFINITIONS

TERM                       DEFINITION
Fund Ratio                 Number appearing at the bottom of page 1 of 2 of
                           the Rule 10f-3 Report form. It is the sum of the
                           Funds' participation in the offering by the Funds
                           and other accounts managed by BlackRock divided by
                           the total amount of the offering.

Eligible Foreign Offering  The securities are sold in a public offering
                           conducted under the laws of a country other than
                           the United States and

                           (a)  the offering is subject to regulation in such
                                country by a "foreign financial regulatory
                                authority," as defined in Section 2(a)(50) of
                                the Investment Company Act of 1940;

                           (b)  the securities were offered at a fixed price
                                to all purchasers in the offering (except for
                                any rights to purchase securities that are
                                required by law to be granted to existing
                                security holders of the issuer);

                           (c)  financial statements, prepared and audited as
                                required or permitted by the appropriate
                                foreign financial regulatory authority in such
                                country, for the two years prior to the
                                offering, were made available to the public
                                and prospective purchasers in connection with
                                the offering; and

                           (d)  if the issuer is a "domestic issuer," i.e.,
                                other than a foreign government, a national of
                                any foreign country, or a corporation or other
                                organization incorporated or organized under
                                the laws of any foreign country, it (1) has a
                                class of securities registered pursuant to
                                section 12(b) or 12(g) of the Securities
                                Exchange Act of 1934 or is required to file
                                reports pursuant to section 15(d) of that act,
                                and (2) has filed all the material required to
                                be filed pursuant to section 13(a) or 15(d) of
                                that act for a period of at least 12 months
                                immediately preceding the sale of securities
                                (or for such shorter period that the issuer
                                was required to file such material)

<PAGE>

Rule 10f-3 Report - Definitions                                         [LOGO]
                                                                     BLACKROCK


TERM                            DEFINITION
Eligible Municipal Securities   The securities:

                                (a)  are direct obligations of, or obligations
                                     guaranteed as to principal or interest
                                     by, a State or any political subdivision
                                     thereof, or any agency or instrumentality
                                     of a State or any political subdivision
                                     thereof, or any municipal corporate
                                     instrumentality of one or more States, or
                                     any security which is an industrial
                                     development bond (as defined in section
                                     103(c)(2) of Title 26) the interest on
                                     which is excludable from gross income
                                     under certain provisions of the Internal
                                     Revenue Code;

                                (b)  are sufficiently liquid that they can be
                                     sold at or near their carrying value
                                     within a reasonably short period of time;
                                     and

                                (c)  either

                                     (1)  are subject to no greater than
                                          moderate credit risk; or

                                     (2)  if the issuer of the municipal
                                          securities, or the entity supplying
                                          the revenues or other payments from
                                          which the issue is to be paid, has
                                          been in continuous operation for
                                          less than three years, including the
                                          operation of any predecessors, the
                                          securities are subject to a minimal
                                          or low amount of credit risk.

                                Also, purchases of municipal securities may
                                not be designated as group sales or otherwise
                                allocated to the account of any prohibited
                                seller (i.e., an affiliated underwriter).

Eligible Rule 144A Offering     The securities are sold in an offering where

                                (a)  the securities are offered or sold in
                                     transactions exempt from registration
                                     under Section 4(2) of the Securities Act
                                     of 1933, Rule 144A thereunder, or
                                     Rules 501-508 thereunder;

                                (b)  the securities were sold to persons that
                                     the seller and any person acting on
                                     behalf of the seller reasonably believe
                                     to include qualified institutional
                                     buyers, as defined in Rule 144A ("QIBs");
                                     and

                                (c)  the seller and any person acting on
                                     behalf of the seller reasonably believe
                                     that the securities are eligible for
                                     resale to other QIBs pursuant to
                                     Rule 144A.

Government Securities Offering  The security is issued or guaranteed as to
                                principal or interest by the United States, or
                                by a person controlled or supervised by and
                                acting as an instrumentality of the Government
                                of the United States pursuant to authority
                                granted by the Congress of the United States;
                                or any certificate of deposit for any of the
                                foregoing.

<PAGE>

Rule 10f-3 Report - Definitions                                         [LOGO]
                                                                     BLACKROCK


TERM                              DEFINITION
U.S. Registered Public Offering.  The securities offered are registered under
                                  the Securities Act of 1933 that are being
                                  offered to the public.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
