Issue of bonds

Act 85 of 2013, § 18, under CAPITAL BUDGET PROJECT ITEMIZATION ACT OF 2013-2014 - ENACTMENT.

Act 85 of 2013, § 18

Section 18. Issue of bonds.

The indebtedness authorized in this act 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, the Auditor General and the State Treasurer shall determine, but the latest stated maturity date shall not exceed estimated useful life of the projects being financed as stated in section 19.