Pennsylvania § 14991 - Management of sinking funds.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 14991 — Management of sinking funds., with citation guidance and answers to common questions.
§ 14991. Management of sinking funds.
(a) Income.--The sinking fund commission shall annually apply the interest received on sinking fund deposits, the interest received on bonds held in the sinking fund and all other income, if any, from the sinking fund for the purpose of reducing the amount of money required to be paid by the county for sinking fund purposes for the following year, unless the income is necessary to pay the bonds of the county as the bonds mature and become payable. The income and the amount required to be paid by the county for sinking fund purposes shall annually equal the full amount required to be paid for sinking fund purposes to the several sinking funds.
(b) Sale of bonds.--The sinking fund commission may, whenever the commission deems necessary and for the best interest of the several sinking funds, sell any bonds held by the commission other than bonds of the county itself.
Source: official Pennsylvania text · Last verified 2026-08-27
Frequently Asked Questions About Pennsylvania § 14991
What does Pennsylvania Consolidated Statutes § 14991 cover?
Section 14991 ("Management of sinking funds.") 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 § 14991?
A common citation format is "Pennsylvania Consolidated Statutes § 14991" (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 § 14991 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.