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§ 917.8. Commonwealth not to impair bond-related obligations

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 43 P.S. LaborEffective: June 12, 2012

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 43 P.S. Labor (Refs & Annos)
Chapter 14. Unemployment Compensation Law (Refs & Annos)
Article XIV. Unemployment Compensation Bonds (Refs & Annos)
Effective: June 12, 2012
43 P.S. § 917.8
§ 917.8. Commonwealth not to impair bond-related obligations
Currentness
The Commonwealth pledges that it shall not do any of the following:
(1) Limit or alter the rights and responsibilities of the authority or the department under this article, including the responsibility to:
(i) pay bond obligations and bond administrative expenses; and
(ii) comply with any other instrument or agreement pertaining to bonds.
(2) Alter or limit the security interest granted in section 1404(c).1
(3) Impair the rights and remedies of the holders of bonds, until all bonds at any time issued, together with the interest thereon, are fully met and discharged.

Credits

1936, Second Ex.Sess., Dec. 5, P.L. (1937) 2897, Art. XIV, § 1408, added 2012, June 12, P.L. 577, No. 60, § 17, imd. effective.

Footnotes

1
43 P.S. § 917.4.
43 P.S. § 917.8, PA ST 43 P.S. § 917.8
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document