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§ 6930.8. Termination of tax increment districts

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 24D. Tax Increment Financing Act (Refs & Annos)
53 P.S. § 6930.8
§ 6930.8. Termination of tax increment districts
Currentness
The existence of a tax increment district shall terminate when either of the following occurs:
(1) Positive tax increments are no longer allocable to a district under section 7(a).1
(2) The governing body of the municipality which created the district, by resolution, dissolves the district. The district may not be dissolved as long as tax increment bonds or notes for the district remain outstanding.

Credits

1990, July 11, P.L. 465, No. 113, § 8, imd. effective.

Footnotes

1
53 P.S. § 6930.7(a).
53 P.S. § 6930.8, PA ST 53 P.S. § 6930.8
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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