53 Pa. Stat. § 11701.701

Current through Pa Acts 2024-53, 2024-56 through 2024-95

Section 11701.701 - Definitions

The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise:

"Authority." A municipal authority, parking authority or any other authority or corporate entity that is directly or indirectly controlled by a distressed municipality or to which a distressed municipality has power of appointment. The term shall not include a joint municipal authority.

"Debt obligations." Any obligation to pay money, including amounts owed for payments relating to lease rental debt, debt service, bonds, notes, guarantees for bonds or notes, trust indentures, contracts or other agreements.

"Distressed municipality." A municipality which has been determined to be financially distressed under section 203(f).

"Fiscal emergency." A determination made by the Governor under section 602(b).

"Insolvent." Unable to meet all financial obligations as they become due, including payment of debt obligations.

"Vital and necessary services." Basic and fundamental municipal services, including any of the following:

(1) Police and fire services.

(2) Ambulance and rescue services.

(3) Water supply and distribution.

(4) Wastewater services.

(5) Refuse collection and disposal.

(6) Snow removal.

(7) Payroll and pension obligations.

(8) Fulfillment of payment of debt obligations or any other financial obligations.

53 P.S. § 11701.701

1987, July 10, P.L. 246, No. 47, § 701, added 2011, Oct. 20, P.L. 318, No. 79, § 2, imd. effective. Amended 2014, Oct. 31, P.L. 2983, No. 199, § 30, effective in 60 days [Dec. 30, 2014].