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Pennsylvania Statutes Title 11 Pa.C.S.A. Cities § 11811.2. Borrowing in anticipation of current revenue

Current as of January 01, 2025 | Updated by Findlaw Staff

In accordance with 53 Pa.C.S. Pt. VII Subpt. B  1 (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.

1 53 Pa.C.S.A. § 8001 et seq.
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Cite this article: FindLaw.com - Pennsylvania Statutes Title 11 Pa.C.S.A. Cities § 11811.2. Borrowing in anticipation of current revenue - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-11-pacsa-cities/pa-csa-sect-11-11811-2/

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