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§ 751.15. Transfer of Water Facilities Loan Board

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 35 P.S. Health and Safety

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 35 P.S. Health and Safety (Refs & Annos)
Chapter 5. Water and Sewage (Refs & Annos)
Pennsylvania Infrastructure Investment Authority Act (Refs & Annos)
35 P.S. § 751.15
§ 751.15. Transfer of Water Facilities Loan Board
(a) Removal of members.--All existing members of the Water Facilities Loan Board shall cease to hold office on the day that the Governor certifies by publication in the Pennsylvania Bulletin the existence of a quorum on the board created under section 4.1
(b) Board of directors to serve as Water Facilities Loan Board.--For purposes of satisfying all outstanding obligations of the Water Facilities Loan Board and for purposes of collecting loan and interest repayments, the board established in section 4 shall constitute the membership of the Water Facilities Loan Board.
(c) Transfer of function.--All remaining unencumbered funds, rights, powers, duties, obligations, liabilities, records and equipment of the Water Facilities Loan Board are transferred to the authority.

Credits

1988, March 1, P.L. 82, No. 16, § 15, imd. effective.

Footnotes

35 P.S. § 751.4.
35 P.S. § 751.15, PA ST 35 P.S. § 751.15
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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