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§ 3987. Information to General Assembly

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal Affairs

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 72 P.S. Taxation and Fiscal Affairs
Chapter 3. State Fiscal Affairs in General (Refs & Annos)
State Debt
State Bond Issues for Road Purposes (Refs & Annos)
Issues Under Act of 1925 (Refs & Annos)
72 P.S. § 3987
§ 3987. Information to General Assembly
It shall be the duty of the Governor, during the biennial sessions of the General Assembly, to give to the General Assembly full information in relation to the issuing of bonds for the purpose of improving and rebuilding the highways of the Commonwealth under the provisions of this act, to enable the General Assembly to provide, by appropriation, the moneys necessary for the sinking fund of the Commonwealth for the payment of the interest of said funds and the principal thereof at maturity.
The Auditor General shall also give to each General Assembly a statement of the compensation due the duly authorized loan and transfer agent of the Commonwealth for its service, payment of which shall be made by appropriation on a basis to be fixed by the Governor, the Auditor General, and the State Treasurer, but not to exceed thirty cents per one thousand dollars for the original certification and registration; and, after the original issuance and sale of such bonds by the Commonwealth, the duly authorized loan and transfer agent of the Commonwealth shall receive, as compensation for the transfer and registration, thirty cents per one thousand dollars of bonds so transferred and registered in any one year.

Credits

1925, March 6, P.L. 24, § 7.
72 P.S. § 3987, PA ST 72 P.S. § 3987
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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