16 Pa. Stat. § 2209.1

Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 2209.1 - Issuance of revenue bonds for airport facilities in certain counties.
(a) In addition to present methods of financing the same, the county commissioners of counties of the second class A may issue revenue bonds, pursuant to provisions of 53 Pa.C.S. Pt. VII Subpt. B (relating to indebtedness and borrowing), to provide sufficient money for and toward the acquisition, construction, reconstruction, extension or improvement of airport facilities, including, but not limited to, airports, terminals, hangars, parking areas and all other facilities either necessary thereto or appropriate therefor, with said bonds to be secured solely by the pledge of the whole or part of the fees, rents, tolls or charges derived from the ownership or operation of the facilities or for the use or service of the same.
(b) Airport facilities financed by the issuance of revenue bonds as provided under this section may be leased by the county, in whole or in part, to a lessee or lessees for a period of years equal in time to the period of maturity of the bonds so issued.
(c) Included in the cost of the issue may be any costs and expenses incident to constructing and financing the facilities and selling and distributing the bonds.
(d) Nothing in this section shall be construed as modifying or restricting the power of any county of the third through eighth class to incur debt for the acquisition, construction, reconstruction, extension or improvement of airport facilities, including, but not limited to, airports, terminals, hangars, parking areas and all other facilities either necessary thereto or appropriate therefor, to the extent such power exists on the effective date of this subsection.

16 P.S. § 2209.1

Added by P.L. TBD 2018 No. 154, § 87, eff. 12/24/2018.