Section 403. Issue of bonds.
The indebtedness authorized in this chapter shall be incurred from time to time and shall be evidenced by one or more series of general obligation bonds of the Commonwealth in such aggregate principal amount for each series as the Governor, the Auditor General and the State Treasurer shall determine, but the latest stated maturity date shall not exceed the estimated useful life of the projects being financed as stated in section 503. The maximum term of the debt authorized to be incurred under this chapter is 30 years.