Pennsylvania § 1773 Limitation on authority under Federal bankruptcy code

Pennsylvania Statutes

§ 1773 — Limitation on authority under Federal bankruptcy code

Pennsylvania § 1773

JurisdictionPennsylvania

Title 74TRANSPORTATION

PartPART II

Ch. 17METROPOLITAN TRANSPORTATION AUTHORITIES

Subch.FUNDS AND BONDS OF AUTHORITIES

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Bluebook

74 Pa. Cons. Stat. § 1773 (2026).

Text

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.

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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.