74 Pa. C.S. § 1773

Current through P.A. Acts 2023-66

Section 1773 - Limitation on authority under Federal bankruptcy code

So long as an authority shall have outstanding any bonds issued under this chapter, the authority shall not be authorized to file a petition for relief under 11 U.S.C. Chapter 9 (relating to adjustment of debts of a municipality), and no public officer or agency or instrumentality of the Commonwealth shall authorize the authority to become a debtor under 11 U.S.C. Chapter 9 so long as any bonds issued under this chapter are outstanding.

74 Pa.C.S. § 1773

1994, Feb. 10, P.L. 20, No. 3, § 4, imd. effective.