32 Pa. Stat. § 5007.3
Current through Pa Acts 2024-53, 2024-56 through 2024-92
A local government unit may authorize the establishment of a program to purchase open space property interests on an installment or other deferred basis. The obligation of the local government unit to make payments on an installment or other deferred basis shall not be subject to the requirements of section 602(b) or (c) of the act of July 12, 1972 (P.L. 781, No. 185), known as the "Local Government Unit Debt Act." A landowner who enters into an installment agreement with a local government unit shall receive, in addition to the selling price, interest in an amount or at a rate set forth in the purchase agreement.
32 P.S. § 5007.3