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§ 11811.2. Borrowing in anticipation of current revenue

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 11 Pa.C.S.A. CitiesEffective: January 25, 2016

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 11 Pa.C.S.A. Cities
Part V. Third Class Cities (Refs & Annos)
Chapter 118. Accounts and Finances
Effective: January 25, 2016
11 Pa.C.S.A. § 11811.2
Formerly cited as PA ST 53 P.S. § 36811.2
§ 11811.2. Borrowing in anticipation of current revenue
Currentness
In accordance with 53 Pa.C.S. Pt. VII Subpt. B1 (relating to indebtedness and borrowing), cities may:
(1) borrow money in anticipation of current revenues to an amount of not more than the anticipated current revenues, which shall be pledged for the payment of the loan or loans; and
(2) issue notes or other forms of obligation in evidence of the debt.

Credits

2015, Nov. 24, P.L. 242, No. 67, § 1, effective in 60 days [Jan. 25, 2016].

Footnotes

1
53 Pa.C.S.A. § 8001 et seq.
11 Pa.C.S.A. § 11811.2, PA ST 11 Pa.C.S.A. § 11811.2
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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