Title 53, MUNICIPALITIES GENERALLY

(a) General.-- (1) The authority shall constitute a public body corporate and politic, exercising public powers of the Commonwealth as an agency of the Commonwealth. (2) The authority shall be known as the parking authority of the municipality. (3) The authority shall not be deem…

(a) Authorization.-- (1) A bond must be authorized by resolution of the board. The resolution must specify all of the following: (i) Series. (ii) Date of maturity not exceeding 40 years from date of issue. (iii) Interest. (iv) Denomination. (v) Form, either coupon or fully regist…

(a) Rights and remedies.--The rights and the remedies conferred upon bondholders under this section shall be in addition to and not in limitation of rights and remedies lawfully granted them by the resolution for the bond issue or by any deed of trust, indenture or other agreemen…

(a) Scope.--This section does not apply to cities of the first class. (b) Board.-- (1) The powers of an authority shall be exercised by a board composed of five members. The majority of the members must be residents of the municipality where the authority is located. Each member …

(a) Scope.--This section applies only to cities of the first class. (b) Initial.--Beginning on the effective date of this chapter, the powers of each authority shall be exercised by a board composed of not less than five nor more than 11 members. (c) Subsequent.--Beginning June 1…

(a) Scope.--This section applies only to cities of the first class. (b) Legislative finding.--It is hereby determined and declared that: (1) As a matter of legislative finding, the health, safety and general welfare of the people of this Commonwealth are directly dependent upon t…

(a) Restricted activities, statement of financial interests; public meetings and records.-- (1) The following apply: (i) The provisions of the following statutes are specifically applicable to board members, officers and employees of the authority: (A) The provisions of 65 Pa.C.S…

(a) Findings and declaration.--The General Assembly finds and declares as follows: (1) The health, safety and general welfare of the people of this Commonwealth are directly dependent upon the continual encouragement, development, growth and expansion of business, industry, comme…

(a) Authorization.-- (1) Except as set forth in paragraph (2), the authority has the power to acquire by purchase or eminent domain proceedings either the fee or the rights, title, interest or easement in such lands as the authority deems necessary for any of the purposes of this…

(a) Treasurer.-- (1) Except as otherwise provided in this chapter, all money of an authority from whatever source derived shall be paid to the treasurer of the authority. (2) The money shall be deposited in the first instance by the treasurer at the direction of the authority: (i…

(a) General rule.-- (1) Except as otherwise provided in this chapter, all funds of an authority received from any source shall be delivered to the treasurer of the authority or to such other agent of the authority as the board may designate. (2) The funds shall be promptly deposi…

(a) General rule.--Any moneys deposited in any fund created by the authority pledged to be used to pay debt service on bonds of the authority, including any sinking fund or debt service reserve fund, and all investments and proceeds of investments thereof shall, without further a…

(a) General rule.--So long as an authority shall have outstanding any bonds issued under this chapter, the authority shall not be authorized to file a petition for relief under 11 U.S.C. Chapter 9 (relating to adjustment of debts of a municipality), and no public officer or agenc…

(a) General rule.--An authority, under resolutions adopted from time to time by the board, may establish and create such special funds as may be found desirable by the board and, in and by such resolutions, may provide for payments into all special funds from specified sources wi…

(a) General rule.-- (1) The bonds of the authority shall be authorized by resolution of the board. The resolution shall specify all of the following: (i) Series. (ii) Date or dates of maturity. (iii) Interest at such rate or rates, fixed or variable, as shall be determined by the…

(a) General rule.--Except as otherwise provided in any resolution of an authority authorizing or awarding bonds, the terms thereof and of this chapter as in effect when the bonds were authorized shall constitute a contract between the authority and obligees of the authority, subj…

(a) General rule.--The Commonwealth does hereby pledge to and agree with: (1) Any person, firm or corporation, government agency, whether in this Commonwealth or elsewhere, or Federal agency subscribing to or acquiring the bonds to be issued by the authority that the Commonwealth…

(a) General rule.--In connection with the issuance of bonds or the incurring of obligations under leases and in order to secure the payment of the bonds and obligations, the authority, in addition to its other powers, shall have the power to: (1) Pledge or grant a security intere…

2004 Amendment. Section 5510.7 was deleted by amendment July 16, 2004, P.L.758, No.94, effective immediately. 2004 Unconstitutionality. Act 230 of 2002 was declared unconstitutional. City of Philadelphia v. Commonwealth, 838 A.2d 566 (Pa. 2003).

(a) General rule.--Bonds issued under this chapter are hereby made securities in which all public officers and the instrumentalities and agencies of the Commonwealth and its political subdivisions, all insurance companies, banks, bank and trust companies, trust companies, banking…

(a) General rule.--Any pledge of or grant of a lien on or security interest in revenues of an authority or real or personal property of an authority made by an authority shall be valid and binding from the time when the pledge is made, the revenues or other property so pledged an…

(a) Services.-- (1) Except as set forth in paragraph (2), all construction, reconstruction, repair or work of any nature made by an authority if the entire cost, value or amount, including labor and materials, exceeds $25,000 shall be done only under contract to be entered into b…

(a) Regulations.--Subject to subsection (b), the use of the facilities of the authority and the operation of its business shall be subject to the regulations adopted by the authority. (b) Limitation.--The authority is not authorized to do anything which will impair the security o…

(a) Power of authorities.--The Commonwealth pledges to and agrees with any person, firm or corporation or Federal agency subscribing to or acquiring the bonds to be issued by the authority for the construction, extension, improvement or enlargement of a project or part thereof th…

(a) Conveyance of projects.--When an authority has finally paid and discharged all bonds, with interest due, which have been secured by a pledge of any of the revenues or receipts of a project, it may, subject to agreements concerning the operation or disposition of the project, …

The effectuation of the authorized purposes of authorities created under this chapter shall be for the benefit of the residents of municipalities, for the increase of their commerce and prosperity and for the improvement of their health, safety and living conditions. Since author…

(a) Authorization.--Any county, city, borough, town or township or any owner is authorized to sell, lease, lend, grant or convey to an authority a project or any part of a project or any interest in real or personal property which may be used by the authority in the construction,…

The provisions of this chapter are severable. If any provision of this chapter or its application to any person or circumstance is held invalid, the invalidity shall not affect other provisions or applications of this chapter which can be given effect without the invalid provisio…