§ 28204. Term of existence
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 53 P.S. Municipal and Quasi-Municipal CorporationsEffective: September 19, 2016
Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 53 P.S. Municipal and Quasi-Municipal Corporations
Part III. Cities of the Second Class
Chapter 67. Intergovernmental Cooperation Authority Act for Cities of the Second Class (Refs & Annos)
Chapter 2. Intergovernmental Cooperation Authority for Cities of the Second Class
Effective: September 19, 2016
53 P.S. § 28204
§ 28204. Term of existence
(a) Length.--The authority shall exist for a term of at least seven years. If, after seven years, an assisted city has had annual operating budgets and five-year financial plans approved by the board for at least the three immediately preceding years, the Secretary of Community and Economic Development shall certify that the authority is no longer needed, and the provisions of this chapter shall no longer apply to the assisted city 90 days following that certification. Upon termination of the authority, records and documents of the authority shall be transferred to the director of finance of the assisted city. The authority shall submit a final report on its activities and the city's fiscal condition to the Governor and the General Assembly within 60 days of its termination.
(b) Limitation.--The Secretary of Community and Economic Development may not certify that the authority is no longer necessary under subsection (a) until oversight is terminated under the act of July 10, 1987 (P.L. 246, No. 47),1 known as the Municipalities Financial Recovery Act, or June 30, 2019, whichever is later.
(1) If the authority is terminated under subsection (a) or (b) and gaming revenue was distributed to and under the exclusive control of the authority under 4 Pa.C.S. § 1403(c)(3)(xv) (relating to establishment of State Gaming Fund and net slot machine revenue distribution), the gaming revenue shall be redistributed to an assisted city to increase the level of funding to the municipal pension funds of an assisted city.
(2) The gaming revenue shall be in addition to and shall not replace the minimum obligation that the assisted city is required to contribute to its pension funds under the act of December 18, 1984 (P.L. 1005, No. 205),2 known as the Municipal Pension Plan Funding Standard and Recovery Act.
Credits
2004, Feb. 12, P.L. 73, No. 11, § 204, imd. effective. Amended 2016, July 20, P.L. 843, No. 99, § 4, effective in 60 days [Sept. 19, 2016].
53 P.S. § 28204, PA ST 53 P.S. § 28204
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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