55 Pa. Stat. § 697.19

Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 697.19 - Transfer of existing facilities or funds

A city, political subdivision, person or owner is hereby authorized to sell, lease or sublease from or to, lend, grant, transfer or convey or pay over to the authority, with or without consideration, any facility, port facility, port-related project, or any part or parts thereof, or any interest in property, real, personal or mixed, tangible or intangible, or any funds available, needed or obligated for development, acquisition, design, maintenance, management, operation, financing, leasing or subleasing, construction or improvement purposes, including the proceeds of bonds previously or hereafter issued for construction or improvement of port facilities, port-related projects or parts thereof. Any facility, port facility, port-related project, property or funds received by the authority pursuant to this section may be used for any lawful purpose of the authority. A city, political subdivision, person or owner is also authorized to transfer, sell, assign and set over to the authority any contracts or leases which may have been awarded or entered into by such city, political subdivision, person or owner for the construction of port facilities, port-related projects, ports, buildings or other structures, or parts thereof, including the improvement, operation or maintenance thereof.

55 P.S. § 697.19

1989, July 10, P.L. 291, No. 50, § 19, imd. effective.