§ 42211. Investment of funds
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 53 P.S. Municipal and Quasi-Municipal CorporationsEffective: October 24, 2018
Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 53 P.S. Municipal and Quasi-Municipal Corporations
Part V. Cities of the Third Class (Refs & Annos)
Chapter 85. Intergovernmental Cooperation Authorities Act for Cities of the Third Class
Chapter 2. Intergovernmental Cooperation Authorities for Cities of the Third Class
Effective: October 24, 2018
53 P.S. § 42211
§ 42211. Investment of funds
Funds of an authority that are not required for immediate use may be invested in obligations of an assisted city or in obligations of the Federal Government or of the Commonwealth or obligations that are legal investments for Commonwealth funds. No money may be invested in obligations issued by or obligations guaranteed by the assisted city without the approval of the board.
Credits
2018, Oct. 24, P.L. 751, No. 124, § 211, imd. effective.
53 P.S. § 42211, PA ST 53 P.S. § 42211
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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