State Codes and Statutes

Statutes > Pennsylvania > Title-74 > Chapter-17 > 1773

§ 1773. Limitation on authority under Federal bankruptcy code. So long as an authority shall have outstanding any bonds issued under this chapter, the authority shall not be authorized to file a petition for relief under 11 U.S.C. Chapter 9 (relating to adjustment of debts of a municipality), and no public officer or agency or instrumentality of the Commonwealth shall authorize the authority to become a debtor under 11 U.S.C. Chapter 9 so long as any bonds issued under this chapter are outstanding.

State Codes and Statutes

Statutes > Pennsylvania > Title-74 > Chapter-17 > 1773

§ 1773. Limitation on authority under Federal bankruptcy code. So long as an authority shall have outstanding any bonds issued under this chapter, the authority shall not be authorized to file a petition for relief under 11 U.S.C. Chapter 9 (relating to adjustment of debts of a municipality), and no public officer or agency or instrumentality of the Commonwealth shall authorize the authority to become a debtor under 11 U.S.C. Chapter 9 so long as any bonds issued under this chapter are outstanding.

State Codes and Statutes

State Codes and Statutes

Statutes > Pennsylvania > Title-74 > Chapter-17 > 1773

§ 1773. Limitation on authority under Federal bankruptcy code. So long as an authority shall have outstanding any bonds issued under this chapter, the authority shall not be authorized to file a petition for relief under 11 U.S.C. Chapter 9 (relating to adjustment of debts of a municipality), and no public officer or agency or instrumentality of the Commonwealth shall authorize the authority to become a debtor under 11 U.S.C. Chapter 9 so long as any bonds issued under this chapter are outstanding.