General obligation bonds authorized

Act 4 of 1996 (Sp. Sess. 2), § 2, under BLIZZARD AND FLOOD EMERGENCY OF 1996 - OMNIBUS AMENDMENTS.

Act 4 of 1996 (Sp. Sess. 2), § 2

Section 2. General obligation bonds authorized.

The indebtedness herein authorized shall be incurred from time to time and shall be evidenced by one or more series of general obligation bonds or notes 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 20 years from the date of the bond first issued for each such series.