53 Pennsylvania Consolidated Statutes Chapter 80 - General Provisions

• Chapter Notes

Subchapter A.  Preliminary Provisions

• Section 8001 - Short Title, Scope And Applicability Of Subpart
  (a) Short title of subpart.--This subpart shall be known and may be cited as the Local Government Unit Debt Act. (b) Scope of subpart.--This...
• Section 8002 - Definitions
  (a) Classification of debt.--With respect to classifications of debt and subject to additional definitions contained in subsequent provisions of this subpart which are applicable...
• Section 8003 - Advertisement And Effectiveness Of Ordinances
  (a) Advertisement of ordinances.--Notwithstanding any other statute to the contrary, an ordinance required to be adopted by this subpart shall be advertised not less...
• Section 8004 - When Lease Or Other Agreement Evidences Acquisition Of Capital Asset
  (a) General rule.--A lease, guaranty, subsidy contract or other agreement entered into by a local government unit shall evidence the acquisition of a capital...
• Section 8005 - Classification And Authority To Issue Bonds And Notes
  (a) Classification.--Bonds or notes prior to the authorization thereof shall be classified by the issuing local government unit as one of the following three...
• Section 8006 - Preliminary Cost Estimates
  Prior to the initial authorization of bonds or notes or the issuance of any guaranty to finance any project involving construction or acquisition, the...
• Section 8007 - Cost Of Project
  The cost of a project includes the amount of all payments to contractors or for the acquisition of a project or for lands, easements,...
• Section 8008 - Home Rule
  (a) General rule.--Every local government unit obtaining a home rule charter after July 12, 1972, shall be subject to the substantive provisions of this...
• Section 8009 - Guaranty Funds And Compulsory Associations
  (a) Self-insurance.--No self-insurance program funded pursuant to this subpart shall be required or permitted to join or contribute financially to any insurance insolvency guaranty...

Subchapter B.  Limitations on Debt of Local Government Units

• Section 8021 - No Limitation On Debt Approved By Electors
  All debt of any classification, whenever incurred, which is approved, either before or after the debt is incurred, by majority of the votes cast...
• Section 8022 - Limitations On Incurring Of Other Debt
  (a) Nonelectoral debt.--Except as provided in subsections (c), (d) and (e) and as otherwise specifically provided in this subpart, a local government unit shall...
• Section 8023 - Transfer To Electoral Debt Of Debt Incurred Without Approval Of Electors
  The governing body of any local government unit may, by resolution, signify a desire to have any debt theretofore incurred without the approval of...
• Section 8024 - Exclusion Of Subsidized Debt From Net Nonelectoral Debt Or Net Lease Rental Debt
  (a) Filings with department.--Subsidized debt shall not be excluded from nonelectoral debt or lease rental debt, as the case may be, for the purposes...
• Section 8025 - Exclusion Of Self-liquidating Debt Evidenced By Revenue Bonds Or Notes To Determine Net Nonelectoral Debt
  Self-liquidating debt evidenced by revenue bonds or notes shall not be excluded from nonelectoral debt for the purpose of establishing net nonelectoral debt until...
• Section 8026 - Exclusion Of Other Self-liquidating Debt To Determine Net Nonelectoral Debt Or Net Lease Rental Debt
  (a) Filings with department.--Self-liquidating debt shall not be excluded in determining net nonelectoral debt or net lease rental debt for the purpose of establishing...
• Section 8027 - Effect Of Debt Limitations On Outstanding Debt
  Notwithstanding anything in other law or in this subpart, this subpart shall not be construed to invalidate any debt which was lawful when incurred...
• Section 8028 - Determination Of Existing Net Nonelectoral Debt And Net Nonelectoral Plus Net Lease Rental Debt
  (a) Gross nonelectoral and lease rental debt.--From the gross principal amount of all incurred debt shall be subtracted gross incurred electoral debt. The amount...
• Section 8029 - Determination Of Debt Limits
  Whenever it is necessary to determine the limitations on the amount of nonelectoral debt or nonelectoral debt plus lease rental debt that may be...

Subchapter C.  Procedure for Securing Approval of Electors

• Section 8041 - Desire Resolution And Expense Of Certain Elections
  (a) Resolution.--Whenever the governing body of any local government unit shall determine that it is advisable to make an increase in the debt of...
• Section 8042 - Advertisement Of Election
  (a) General rule.--Notice of the election shall be given in one but not more than two newspapers of general circulation in the local government...
• Section 8043 - Conduct Of Election
  (a) Certification of resolution and question.--The governing body, at least 45 days before any election called pursuant to section 8041 (relating to desire resolution...
• Section 8044 - Finality Of Result Of Election
  Any interested party or any taxpayer may contest the validity of any election proceedings under this subchapter by filing with the court a complaint...
• Section 8045 - Effect Of Defeat Of Question
  If at the election the question is defeated, another election for the same purpose may not be held until 155 days have elapsed since...
• Section 8046 - Issuance Of Bonds, Notes Or Other Instruments To Evidence Electoral Debt
  If at the election the question is approved, the governing body shall issue bonds or notes as electoral debt as obligations of the local...
• Section 8047 - Cancellation Or Termination Of Approval Of Electors
  (a) Lapse of time.--On the tenth anniversary of the date on which an assent of the electors obtained under this subpart became final, the...
• Section 8048 - Limitation On Use Of Proceeds Of Electoral Debt
  Where bonds or notes have been issued pursuant to an assent of the electors given under this subpart, the proceeds thereof shall be kept...
• Section 8049 - Manner Of Changing Purpose Of Electoral Debt
  If the governing body determines it to be advisable either before or after the issue of bonds or notes to use the proceeds or...

Last modified: October 8, 2016