53 Pa. Stat. § 15918

Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 15918 - Revenue bonds do not constitute debt of the city

The obligations of revenue bonds or notes issued pursuant to this act shall not constitute debt of a city within the meaning of the Constitution of Pennsylvania; such bonds and sinking funds for the payment of the principal thereof or the interest thereon shall not be included in any computation of the net indebtedness of the city; and such bonds may be issued without limitation as to the principal amount thereof.

53 P.S. § 15918

1972, Oct. 18, P.L. 955, No. 234, § 18, imd. effective.