{"data":{"id":"us-pa/12-pa.c.s.-4309","jurisdiction":"us-pa","citation":"12 Pa.C.S. § 4309","heading":"Bonds.","body":"(a) Issuance.--Local financing or owner financing may be used to issue bonds to finance qualified projects.\n(b) Restrictions.--Bonds issued under this chapter may not be general obligations of the municipality or county.\n(c) Use of proceeds.--Funds generated from the issuance of a bond may only be used for the following purposes:\n(1) Design, engineering and project development costs of a qualified project.\n(2) Infrastructure related to and necessary for a qualified project.\n(3) Purchase and installation cost of any equipment needed for a qualified project.\n(4) Payment of normal and customary issuance and closing fees of a bond.\n(5) Normal and customary administrative fees necessary to continue operations of the municipal or county financing agency. The fees can include, but are not limited to, audits and application fees.","path":["Title 12 - COMMERCE AND TRADE","PART III ECONOMIC DEVELOPMENT PROGRAMS","CHAPTER 43 PROPERTY ASSESSED CLEAN ENERGY PROGRAM"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=12\u0026div=0\u0026chpt=43\u0026sctn=9\u0026subsctn=0","current_through":"2026-08-31 (Statute Update stamp, 12 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:30:58Z","sha256":"c0a12d97f18182ecb73eed7dc5cf3a766f7e3ef57064f5ae7ca10581a7de56fa","source_id":"us-pa","stale":false,"prev":"us-pa/12-pa.c.s.-4308","next":"us-pa/12-pa.c.s.-4310"},"notice":"GroundRules: Original legal text. Not legal advice."}