53 Pennsylvania Consolidated Statutes Chapter 56 - Municipal Authorities

• Chapter Notes
• Section 5601 - Short Title Of Chapter
  This chapter shall be known and may be cited as the Municipality Authorities Act.
• Section 5602 - 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...
• Section 5603 - Method Of Incorporation
  (a) Resolution of intent.--Whenever the municipal authorities of any municipality singly or of two or more municipalities jointly desire to organize an authority under...
• Section 5604 - Municipalities Withdrawing From And Joining In Joint Authorities
  (a) Power to withdraw.--When an authority has been incorporated by two or more municipalities, any one or more of such municipalities may withdraw from...
• Section 5605 - Amendment Of Articles
  (a) Purpose.--An authority may amend its articles for the following reasons: (1) To adopt a new name. (2) To modify or add a provision...
• Section 5606 - School District Projects
  (a) Merger and consolidation authorized.--Any two or more existing authorities, all the projects of all of which are leased to the same school district,...
• Section 5607 - Purposes And Powers
  (a) Scope of projects permitted.--Every authority incorporated under this chapter shall be a body corporate and politic and shall be for the purposes of...
• Section 5608 - Bonds
  (a) Authorization.-- (1) A bond must be authorized by resolution of the board. The resolution may specify all of the following: (i) Series. (ii)...
• Section 5609 - Bondholders
  (a) Rights and remedies.--The rights and the remedies conferred upon bondholders under this section shall be in addition to and not in limitation of...
• Section 5610 - Governing Body
  (a) Board.--Except as set forth in subsection (a.1), the powers of each authority shall be exercised by a board composed as follows: (1) If...
• Section 5611 - Investment Of Authority Funds
  (a) Powers.--The board shall have the power to: (1) Invest authority sinking funds in the manner provided for local government units by Subpart B...
• Section 5612 - Money Of Authority
  (a) Treasurer.--All money of any authority from whatever source derived shall be paid to the treasurer of the authority. (a.1) Prohibition.-- (1) Money of...
• Section 5613 - Transfer Of Existing Facilities To Authority
  (a) Authorization.--Any municipality, school district or owner may sell, lease, lend, grant, convey, transfer or pay over to any authority with or without consideration...
• Section 5614 - Competition In Award Of Contracts
  (a) Services.-- (1) Except as set forth in paragraph (2), all construction, reconstruction, repair or work of any nature made by an authority if...
• Section 5615 - Acquisition Of Lands, Water And Water Rights
  (a) Authorization.-- (1) Except as provided in paragraph (2), the authority shall have the power to acquire by purchase or eminent domain proceedings either...
• Section 5616 - Acquisition Of Capital Stock
  (a) Acquisition.--In the event that the authority shall own 90% or more of all the outstanding capital stock entitled to vote upon liquidation and...
• Section 5617 - Use Of Projects
  The use of the facilities of the authority and the operation of its business shall be subject to the rules and regulations as adopted...
• Section 5618 - Pledge By Commonwealth
  (a) Power of authorities.--The Commonwealth pledges to and agrees with any person, firm or corporation or Federal agency subscribing to or acquiring the bonds...
• Section 5619 - Termination Of Authority
  (a) Conveyance of projects.--When an authority has finally paid and discharged all bonds, with interest due, which have been secured by a pledge of...
• Section 5620 - Exemption From Taxation And Payments In Lieu Of Taxes
  The effectuation of the authorized purposes of authorities created under this chapter shall be for the benefit of the people of this Commonwealth, for...
• Section 5621 - Constitutional Construction
  The provisions of this chapter shall be severable, and if any of the provisions are held to be unconstitutional it shall not affect the...
• Section 5622 - Conveyance By Authorities To Municipalities Or School Districts Of Established Projects
  (a) Project.--If a project established under this chapter by a board appointed by a municipality is of a character which the municipality has power...
• Section 5623 - Revival Of An Expired Authority
  (a) Retroactive revival.--Upon the filing of the required municipal statements of revival with the Secretary of the Commonwealth and issuance of a certificate of...

Last modified: October 8, 2016