Subchapter D of Chapter 2 of the act of July 10, 1987 (P.L. 246, No. 47), known as the Financially Distressed Municipalities Act, as to cities of the first class. The remainder of the Financially Distressed Municipalities Act shall be suspended as to cities of the first class until the termination of the authority established by this act.
Section 5(a) of Article XVII of the act of June 25, 1919 (P.L. 581, No. 274), entitled "An act for the better government of cities of the first class of this Commonwealth," absolutely, except as to loans or notes issued by a city pursuant to section 5(a) of Article XVII of the act which remain outstanding on the effective date of this act.
53 P.S. § 12720.708