Pennsylvania § 1523 - Federal taxation.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 1523 — Federal taxation., with citation guidance and answers to common questions.
§ 1523. Federal taxation.
(a) Allocation.--If the bonds issued by the authority for a project are tax-exempt bonds for which Federal law requires an allocation, the department may issue an allocation upon receipt of a written request by the board. An allocation must be issued by the department prior to the approval of the resolution authorizing the issuance of the bonds by the board.
(b) Approval.--If gubernatorial approval is required by Federal or Commonwealth law, the Governor may approve the issuance of bonds by the authority upon receipt of written request for approval from the board. The written request must state all of the following:
(1) The authority has conducted a public hearing, with appropriate public notice, concerning the purposes for which the bonds are to be issued.
(2) A description of the project or projects to be financed.
(3) A description of the method of financing the project or projects.
(4) A summary of the comments made and questions posed at the public hearing.
Source: official Pennsylvania text · Last verified 2026-08-27
Frequently Asked Questions About Pennsylvania § 1523
What does Pennsylvania Consolidated Statutes § 1523 cover?
Section 1523 ("Federal taxation.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Pennsylvania § 1523?
A common citation format is "Pennsylvania Consolidated Statutes § 1523" (Pennsylvania). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 1523 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Pennsylvania.