53 Pa. Stat. § 6930.8

Current through Pa Acts 2024-53, 2024-56 through 2024-92

Section 6930.8 - Termination of tax increment districts

The existence of a tax increment district shall terminate when either of the following occurs:

(1) Positive tax increments are no longer allocable to a district under section 7(a).

(2) The governing body of the municipality which created the district, by resolution, dissolves the district. The district may not be dissolved as long as tax increment bonds or notes for the district remain outstanding.

53 P.S. § 6930.8

1990, July 11, P.L. 465, No. 113, § 8, imd. effective.