§ 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.
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