Section 5. Section 4(d) of the act, amended December 16, 1982 (P.L.1363, No.312), is amended to read:
Section 4. Method of Incorporation; Applicable Elected Representative.--* * *
(d) Each of the following elected officials of each of the following respective political subdivisions within [the Commonwealth of Pennsylvania] the Commonwealth is hereby designated and empowered to approve the issuance of bonds to finance the cost of [industrial, specialized and commercial development] projects within or without each such political subdivision and to approve the [construction of industrial, specialized and commercial development] acquisition of projects within each such political subdivision:
(1) With respect to any county [or] of any class, the applicable elected representative shall be any county commissioner designated for such purpose by the county commissioners of such county;
(2) With respect to any city of any class, the applicable elected representative shall be the mayor of such city or any council member designated by the mayor for such purpose;
(3) With respect to any township of the first class, the applicable elected representative shall be any township commissioner designated for such purpose by the township commissioners of such township;
(4) With respect to any township of the second class, the applicable elected representative shall be any township supervisor designated for such purpose by the township supervisors of such township;
(5) With respect to any borough, the applicable elected representative shall be the president of borough council or any council member designated by the president for such purpose;
(6) With respect to any political subdivision which has adopted a charter under the act of April 13, 1972 (P.L.184, No.62), known as the "Home Rule Charter and Optional Plans Law," the applicable representative designated and empowered to grant the approvals contemplated hereunder shall be the chief elected executive officer designated by the charter of such political subdivision, or, if there is no provision for such executive officer thereunder, the applicable representative shall be any member of the legislative body of such political subdivision designated by such body.