§ 668.7. Expenses; official bonds
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 36 P.S. Highways and Bridges
36 P.S. § 668.7
§ 668.7. Expenses; official bonds
(b) All expenses incurred in carrying out the provisions of this act shall be paid solely from funds provided under the authority of this act, and sufficient funds shall be provided under the authority of this act to meet any liability or obligation incurred in carrying out the provisions of this act.
(c) Before the issuance of any turnpike revenue bonds, notes or other obligations under the provisions of this act, each appointed member of the Commission shall execute a bond in the penalty of twenty-five thousand dollars ($25,000), and the secretary and treasurer shall execute a bond in the penalty of fifty thousand dollars ($50,000), each such bond to be approved by the Governor and to be conditioned upon the faithful performance of the duties of his office under the provisions of this act, which bonds shall be filed in the office of the Secretary of the Commonwealth: Provided, however, That if the turnpike, as defined in this act, shall be designated by the Commission as part of the Pennsylvania Turnpike System, as provided in the act, approved the fourteenth day of August, one thousand nine hundred and fifty-one (Pamphlet Laws 1232),1 the bonds provided for under this section shall no longer be required, and if previously delivered may be cancelled.
Credits
1953, July 28, P.L. 706, § 7.
Footnotes
36 P.S. § 659.1 et seq.
36 P.S. § 668.7, PA ST 36 P.S. § 668.7
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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