Section 250. Debt provisions.
Adoption of a plan in accordance with this subchapter and Subchapter C.1 by ordinance is a condition precedent for the approval of long-term debt or funding debt under 53 Pa.C.S. Pt. VII Subpt. B (relating to indebtedness and borrowing). A debt financing provision of the plan may be waived by agreement of the lender and the municipality; but any such waiving must be expressly set forth in the indenture or contract securing the debt. (250 amended Oct. 31, 2014, P.L.2983, No.199)