72 Pa. Stat. § 1604-A

Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 1604-A - Security for notes

Any borrowing under the provisions of this article shall be secured by the current revenues levied and assessed for revenue purposes of every kind or character accruing to the General Fund or the current revenues of the Motor License Fund, or the sum of the moneys in the two funds, respectively proportioned, during the current fiscal period and, except in the case of repayment of outstanding notes from the proceeds of replacement notes, shall be paid out of such revenues and so much of such revenues as shall be necessary for the payment of the principal and interest of such loans are hereby specifically and respectively appropriated. The Department of Revenue shall allocate such revenues to said payments.

72 P.S. § 1604-A

1929, April 9, P.L. 343, art. XVI-A, § 1604-A, added 1984, June 21, P.L. 407, No. 83, § 2, effective in 30 days.