GroundRules
11 Pa.C.S. § 11811.2: Borrowing in anticipation of current revenue.
Where this section sits in the code
- Title 11 - CITIES
- PART V THIRD CLASS CITIES
- CHAPTER 118 ACCOUNTS AND FINANCES
In accordance with 53 Pa.C.S. Pt. VII Subpt. B (relating to indebtedness and borrowing), cities may:
(1) borrow money in anticipation of current revenues to an amount of not more than the anticipated current revenues, which shall be pledged for the payment of the loan or loans; and
(2) issue notes or other forms of obligation in evidence of the debt.
Collected 2026-09-02T16:30:53Z. Source file · JSON