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§ 5507. Refunding bonds and revenue anticipation notes

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 24 P.S. Education

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 24 P.S. Education
Chapter 28. The Pennsylvania Higher Educational Facilities Authority Act of 1967 (Refs & Annos)
24 P.S. § 5507
§ 5507. Refunding bonds and revenue anticipation notes
The authority is hereby authorized to provide, by resolution of the board, for the issuance of refunding bonds for the purpose of refunding any bonds or revenue anticipation notes of the authority issued under the provisions of this act and then outstanding, either by voluntary exchange with the holders of such outstanding bonds or revenue anticipation notes or to provide funds to redeem and retire such outstanding bonds or revenue anticipation notes, with accrued interest, and any premium payable thereon at maturity or at any call date. The issuance of such refunding bonds or revenue anticipation notes, the maturities and other details thereof, the rights of the holders thereof, and the duties of the authority in respect to the same, shall be governed by the foregoing provisions of this act in so far as the same may be applicable. Refunding bonds or revenue anticipation notes may be issued by the authority to refund bonds or revenue anticipation notes originally issued or to refund bonds or revenue anticipation notes of the authority previously issued for refunding purposes.

Credits

1967, Dec. 6, P.L. 678, § 7. Amended 1984, Oct. 12, P.L. 948, No. 185, § 5, imd. effective.
24 P.S. § 5507, PA ST 24 P.S. § 5507
Current through 2022 Regular Session Act 29. Some statute sections may be more current, see credits for details.
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