Pennsylvania § 8128 Condition precedent to validity of tax anticipation notes

Pennsylvania Statutes

§ 8128 — Condition precedent to validity of tax anticipation notes

Pennsylvania § 8128

JurisdictionPennsylvania

Title 53MUNICIPALITIES GENERALLY

PartPART VII

Ch. 81INCURRING DEBT AND ISSUING BONDS AND NOTES

Subch.TAX ANTICIPATION NOTES AND FUNDING DEBT

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Bluebook

53 Pa. Cons. Stat. § 8128 (2026).

Text

No tax anticipation note shall be valid or obligatory in the hands of an original purchaser until certified copies of the authorizing and awarding resolution, the certificate as to the taxes and revenues remaining to be collected and a true copy of the accepted proposal for the purchase of the tax anticipation notes shall have been filed with the department. No approval by the department shall be required.

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No tax anticipation note shall be valid or obligatory in the hands of an original purchaser until certified copies of the authorizing and awarding resolution, the certificate as to the taxes and revenues remaining to be collected and a true copy of the accepted proposal for the purchase of the tax anticipation notes shall have been filed with the department. No approval by the department shall be required.