11 Pa. C.S. § 11811.2

Current through P.A. Acts 2023-66

Section 11811.2 - Borrowing in anticipation of current revenue

In accordance with 53 Pa.C.S. Pt. VII Subpt. B (relating to indebtedness and borrowing), cities may:

(1) borrow money in anticipation of current revenues to an amount of not more than the anticipated current revenues, which shall be pledged for the payment of the loan or loans; and

(2) issue notes or other forms of obligation in evidence of the debt.

11 Pa.C.S. § 11811.2

Added by P.L. TBD 2015 No. 67, § 1, eff. 1/23/2016.