Issue of bonds

Act 47 of 1983, § 4, under CAPITAL BUDGET 1983-1984 - FURNITURE AND EQUIPMENT.

Act 47 of 1983, § 4

Section 4. Issue of bonds.

The indebtedness herein authorized 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 5.