53 Pennsylvania Consolidated Statutes Chapter 82 - Miscellaneous Provisions
Subchapter A. Department of Community and Economic Development
- Section 8201 - Certification To Department Of Bond Or Note Transcript Or Lease, Guaranty, Subsidy Contract Or Other Agreement
(a) General rule.--The governing body of each local government unit shall, before any bonds or notes except tax anticipation notes issued pursuant to section...
- Section 8202 - Filing Of Statements Of Noncompletion Of Sale With Department
If settlement for an issue of bonds or notes or bonds or notes representing lease rental debt, which have received a required approval by...
- Section 8203 - Fees For Filing
Every filing with the department shall be accompanied by a filing fee as determined in section 605-A of the act of April 9, 1929...
- Section 8204 - Certificate Of Approval Of Transcript
The department shall, upon receipt of any bond or note transcripts or other filings, carefully examine them to determine whether the debt outstanding and...
- Section 8205 - Certificate Of Disapproval And Correction Of Proceedings
If the department, upon completion of its examination, finds it cannot issue a certificate of approval, it shall notify the local government unit of...
- Section 8206 - Effect Of Failure Of Timely Action By Department
If the local government unit has submitted a filing to the department by certified mail, return receipt requested, or otherwise has an official receipt...
- Section 8207 - Records Of Department
(a) Retention period.--The department shall keep all proceedings on file for a period of not less than four months after issuance of its certificate...
- Section 8208 - Invalidity Of Instruments Which Are Delivered Without Compliance With Requirements Or Conditions Precedent To Issuance Or Delivery
(a) General rule.--In all cases in which the approval of the department is required by this subpart prior to the issuance of bonds or...
- Section 8209 - Finality Of Proceedings As To Validity Of Instruments
(a) General rule.--Where a certificate of approval has been issued by the department or has been deemed issued under section 8206 (relating to effect...
- Section 8210 - Power Of Department To Define Terms, Issue Rules And Regulations And Prescribe Forms
Subject to the definitions in section 8002 (relating to definitions), the department may define terms and prescribe other rules and regulations regarding, and prescribe...
- Section 8211 - Petitions For Declaratory Orders And Complaints To Department
(a) General rule.--If proceedings for the incurring of debt represented by bonds or notes or by a lease, guaranty, subsidy contract or other agreement...
Subchapter B. Sinking Funds and Other Funds and Accounts
Subchapter C. Refunding of Debt
- Section 8241 - Power To Refund
(a) General rule.--Subject to the provisions of the outstanding bonds, notes or obligations evidencing lease rental debt and subject to the provisions of this...
- Section 8242 - Treatment Of Costs Upon Refunding
(a) General rule.--In any refunding, a principal amount of refunding bonds or notes or obligations evidencing lease rental debt equal to the sum of...
- Section 8243 - Limitation On Extending Term Of Debt By Refunding
(a) General rule.--Subject to the terms of section 8247 (relating to special limitation on refunding of funding debt) and to the terms of subsection...
- Section 8244 - Effect Of Debt Limits On Refunding Nonelectoral Bonds Or Notes Or Lease Rental Debt
If any debt originally incurred was lawfully incurred and issued and, at the time the debt was incurred, the portion constituting nonelectoral debt or...
- Section 8245 - Refunding Of Electoral Debt
A local government unit may, by action of its governing body and in accordance with the limitations of this subchapter, refund any debt originally...
- Section 8246 - Procedure For Authorization, Sale, Issue And Approval Of Refunding Bonds Or Notes
Bonds or notes issued for refunding purposes shall be authorized, issued, sold, approved and settled and refunding of lease rental debt shall be authorized...
- Section 8247 - Special Limitation On Refunding Of Funding Debt
A debt incurred for funding purposes pursuant to section 8130 (relating to approval by court to fund unfunded debt) or under law in existence...
- Section 8248 - Approval Of Refunding By The Electors
The governing body of any local government unit may also obtain the approval of the electors to any refunding of nonelectoral or lease rental...
- Section 8249 - Refunding With Bonds Of Another Type
Subject to the limitations of section 8022 (relating to limitations on incurring of other debt) or after a referendum held pursuant to section 8248...
- Section 8250 - Use Of Proceeds Of Refunding Bonds And When Refunded Bonds Are No Longer Deemed Outstanding
(a) General rule.--The proceeds of refunding bonds, together with any other moneys made available for the purpose, shall be used solely for the purpose...
- Section 8251 - Cessation Of Interest On Called Bonds Or Notes
Upon the date fixed for redemption, if the irrevocable deposit has been made and the required notice of the redemption has been given, no...
Subchapter D. Remedies
Subchapter E. Penalties
Subchapter F. Interest Rate Risk and Interest Cost Management
Last modified: October 8, 2016