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§ 1521.404. Refunding bonds

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 62 P.S. Poor Persons and Public Welfare

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 62 P.S. Poor Persons and Public Welfare (Refs & Annos)
Chapter 3. Nursing Home Loan Agency Law (Refs & Annos)
Article IV. General Obligation Bonds
62 P.S. § 1521.404
§ 1521.404. Refunding bonds
The Governor, Auditor General and the State Treasurer are hereby authorized to provide, by resolution, for the issuance of refunding bonds for the purpose of refunding any bonds issued under the provisions of this act and then outstanding, either by voluntary exchange with the holders of such outstanding bonds, or to provide funds to redeem and retire such outstanding bonds with accrued interest and any premium payable thereon, at maturity or at any call date. The issuance of such refunding bonds, the maturities and other details thereof, the rights of the holders thereof, and the duties of the Governor, Auditor General and the State Treasurer in respect to the same, shall be governed by the foregoing provisions of this act, in so far as the same may be applicable. Refunding bonds may be issued by the Governor, Auditor General and the State Treasurer to refund bonds originally issued or to refund bonds previously issued for refunding purposes.

Credits

1974, July 22, P.L. 610, No. 207, art. IV, § 404, imd. effective.
62 P.S. § 1521.404, PA ST 62 P.S. § 1521.404
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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