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§ 697.19. Transfer of existing facilities or funds

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 55 P.S. Navigation

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 55 P.S. Navigation (Refs & Annos)
Chapter 25. Philadelphia Regional Port Authority Act
55 P.S. § 697.19
§ 697.19. Transfer of existing facilities or funds
A city, political subdivision, person or owner is hereby authorized to sell, lease or sublease from or to, lend, grant, transfer or convey or pay over to the authority, with or without consideration, any facility, port facility, port-related project, or any part or parts thereof, or any interest in property, real, personal or mixed, tangible or intangible, or any funds available, needed or obligated for development, acquisition, design, maintenance, management, operation, financing, leasing or subleasing, construction or improvement purposes, including the proceeds of bonds previously or hereafter issued for construction or improvement of port facilities, port-related projects or parts thereof. Any facility, port facility, port-related project, property or funds received by the authority pursuant to this section may be used for any lawful purpose of the authority. A city, political subdivision, person or owner is also authorized to transfer, sell, assign and set over to the authority any contracts or leases which may have been awarded or entered into by such city, political subdivision, person or owner for the construction of port facilities, port-related projects, ports, buildings or other structures, or parts thereof, including the improvement, operation or maintenance thereof.

Credits

1989, July 10, P.L. 291, No. 50, § 19, imd. effective.
55 P.S. § 697.19, PA ST 55 P.S. § 697.19
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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