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§ 5510.4. Contracts with obligees of an authority in cities of the first class

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 53 Pa.C.S.A. Municipalities GenerallyEffective: July 16, 2004

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 53 Pa.C.S.A. Municipalities Generally (Refs & Annos)
Part V. Public Improvements, Utilities and Services
Subpart A. General Provisions
Chapter 55. Parking Authorities (Refs & Annos)
Effective: July 16, 2004
53 Pa.C.S.A. § 5510.4
§ 5510.4. Contracts with obligees of an authority in cities of the first class
Currentness
(a) General rule.--Except as otherwise provided in any resolution of an authority authorizing or awarding bonds, the terms thereof and of this chapter as in effect when the bonds were authorized shall constitute a contract between the authority and obligees of the authority, subject to modification in such manner as the resolution, the trust indenture securing such bonds or the bonds shall provide.
(b) Applicability.--This section shall only apply to authorities in cities of the first class.

Credits

2002, Dec. 30, P.L. 2001, No. 230, § 6, effective in 60 days. Reenacted 2004, July 16, P.L. 758, No. 94, § 6.1, imd. effective.
53 Pa.C.S.A. § 5510.4, PA ST 53 Pa.C.S.A. § 5510.4
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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