Issue of bonds

Act 223 of 1990, § 11, under "CAPITAL BUDGET PROJECT ITEMIZATION ACT FOR 1990-1991".

Act 223 of 1990, § 11

Section 11. Issue of bonds.

The indebtedness authorized in this act 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, Auditor General and 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 12.