GroundRules
53 Pa.C.S. § 8143: Disposition of proceeds notwithstanding certain limitations.
Where this section sits in the code
- Title 53 - MUNICIPALITIES GENERALLY
- PART VII TAXATION AND FISCAL AFFAIRS
- SUBPART B INDEBTEDNESS AND BORROWING
- CHAPTER 81 INCURRING DEBT AND ISSUING BONDS AND NOTES
- SUBCHAPTER C PROVISIONS OF BONDS AND NOTES
A local government unit which issues bonds or notes to fund an unfunded actuarial accrued liability shall contribute to the applicable pension trust fund the proceeds of the bonds or notes, after deduction of costs of issuance, underwriter's discount and original issue discount, notwithstanding that the contribution may exceed a limitation on contributions to retirement systems, pension plans or pension trust funds otherwise applicable to the local government unit.
Collected 2026-09-02T16:34:08Z. Source file · JSON