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§ 8918. Failure to perform

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 75 Pa.C.S.A. VehiclesEffective: July 1, 2007

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 75 Pa.C.S.A. Vehicles (Refs & Annos)
Part VI. Miscellaneous Provisions
Chapter 89. Pennsylvania Turnpike (Refs & Annos)
Subchapter B. Turnpike Extensions and Improvements
Effective: July 1, 2007
75 Pa.C.S.A. § 8918
§ 8918. Failure to perform
Currentness
(a) Notice.--The Secretary of the Budget shall send written notice to the commission and to the Governor of the failure of the commission to do any of the following:
(1) Make a payment to the department under this chapter or the lease agreement.
(2) Deliver a financial plan to the Secretary of the Budget within the time prescribed under section 8917 (relating to financial plan).
(b) Unanimous vote required.--
(1) Except as provided under paragraph (1.1), upon the receipt by the commission of the notice under subsection (a) and notwithstanding any other provision of law, action of the commission taken by vote of the commissioners shall require a unanimous vote of all commissioners. Violation of this paragraph shall render the action invalid.
(1.1) A unanimous vote shall not be required if it would prevent the commission from complying with any covenants made to current bondholders, debt holders or creditors.
(2) The requirement of paragraph (1) shall continue until:
(i) the required payments have been made to the department or the required financial plan has been delivered; and
(ii) the Secretary of the Budget has notified the commission and the Governor of that fact.

Credits

2007, July 18, P.L. 169, No. 44, § 7, retroactive effective July 1, 2007.
75 Pa.C.S.A. § 8918, PA ST 75 Pa.C.S.A. § 8918
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document