Commonwealth not to impair bond-related obligations

Act 320 of 1937, § 1108-B, under "PENNSYLVANIA ELECTION CODE".

Act 320 of 1937, § 1108-B

Section 1108-B. Commonwealth not to impair bond-related obligations.

The Commonwealth pledges that it shall not do any of the following:

(1) Limit or alter the rights and responsibilities of the authority or the department under this article, including the responsibility to:

(i) pay bond obligations and bond administrative expenses; and

(ii) comply with any other instrument or agreement pertaining to bonds.

(2) Alter or limit the service agreement under section 1104-B(b).

(3) Impair the rights and remedies of the holders of bonds, until each bond issued at any time and the interest on the bond are fully met and discharged.

(1108-B added Oct. 31, 2019, P.L.552, No.77)