72 Pa. Stat. § 3987

Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 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.

72 P.S. § 3987

1925, March 6, P.L. 24, § 7.