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Pennsylvania Statutes Title 25 P.S. Elections & Electoral Districts § 3035.3. Criteria for bond issuance

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

(a) Determination.--If the department decertifies one or more voting apparatuses that are in use in any county of this Commonwealth, the department shall apply to the authority to issue bonds for reimbursements to each county for the cost of procuring new voting apparatuses.

(a.1) Issuance.--Bonds may be issued in one or more series, and each series may finance reimbursement grants to one or more counties.

(b) Terms.--

(1) The department, with the approval of the Office of the Budget, shall specify in its application to the authority:

(i) the maximum principal amount of the bonds for each bond issue; and

(ii) the maximum term of the bonds consistent with applicable law.

(2) The total principal amount for all bonds issued under this article may not exceed $90,000,000.

(3) The term of the bonds issued under this article may not exceed 10 years from the respective date of original issuance.

(c) Expiration.--For the purpose of this article, authorization to issue bonds, not including refunding bonds, shall expire December 31, 2020.

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Cite this article: FindLaw.com - Pennsylvania Statutes Title 25 P.S. Elections & Electoral Districts § 3035.3. Criteria for bond issuance - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-25-ps-elections-electoral-districts/pa-st-sect-25-3035-3/

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