Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 56579.37 - Nondebt revenue bonds(a) The board of commissioners may issue nondebt 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:(1) municipal facilities, including water systems or facilities;(2) sewers, sewer systems and sewage disposal systems or facilities;(3) systems for the treatment or disposal of garbage and refuse;(4) aeronautical facilities, including, but not limited to, airports, terminals and hangars; and(5) park and recreational facilities, including parking lots.(b) Any nondebt revenue bonds issued under subsection (a) shall be secured solely by the pledge of the whole or part of the rent, toll or charge for the use or services of the facilities.(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.1931, June 24, P.L. 1206, No. 331, art. XV, § 1502.37, added 2020, Oct. 29, P.L. 782, No. 96, § 55, effective in 60 days [Dec. 28, 2020].