Additional powers of management entities

Act 238 of 2004, § 505, under TRANSIT REVITALIZATION INVESTMENT DISTRICT ACT - ENACTMENT.

Act 238 of 2004, § 505

Section 505. Additional powers of management entities.

In addition to other powers and functions of management entities granted under this act, a management entity shall have the power to provide or borrow money for purposes of executing a TRID, a TRID planning study or for an eligible project. A management entity may also issue bonds, if permitted to do so under Commonwealth statute, for the purposes of executing a TRID, a TRID planning study or for an eligible project.

(505 added Nov. 4, 2016, P.L.1160, No.151)