§ 11701.201. Criteria
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 53 P.S. Municipal and Quasi-Municipal Corporations
Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 53 P.S. Municipal and Quasi-Municipal Corporations
Part I. General Municipal Law
Chapter 30E. Municipalities Financial Recovery Act (Refs & Annos)
Chapter 2. Municipal Financial Distress (Refs & Annos)
Subchapter A. Determination of Municipal Financial Distress
53 P.S. § 11701.201
§ 11701.201. Criteria
The evaluation of a municipality's financial stability by the department under section 1211 shall include each of the following criteria. If at least one criterion is present and the department assesses pursuant to section 121(b) that it is a valid indication of municipal financial distress, then the department shall exercise its powers and duties pursuant to section 121.
(8) The municipality has failed to make the budgeted payment of its minimum municipal obligation as required by section 302, 303 or 602 of the act of December 18, 1984 (P.L. 1005, No. 205), known as the Municipal Pension Plan Funding Standard and Recovery Act,2 with respect to a pension fund during the fiscal year for which the payment was budgeted and has failed to take action within that time period to make required payments.
(11) The municipality has experienced a decrease in a quantified level of municipal service from the preceding fiscal year which has resulted from the municipality reaching its legal limit in levying real estate taxes for general purposes. For determining levels of municipal service for the year 1987, the department shall utilize annual statistical data since the year 1982 to determine a pattern of decrease in delivery of municipal services since 1982.
Credits
1987, July 10, P.L. 246, No. 47, § 201, effective in 60 days. Amended 1988, Dec. 19, P.L. 1272, No. 157, § 1, imd. effective.
53 P.S. § 11701.201, PA ST 53 P.S. § 11701.201
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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