Pennsylvania § 4309 - Bonds.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 4309 — Bonds., with citation guidance and answers to common questions.
§ 4309. Bonds.
(a) Issuance.--Local financing or owner financing may be used to issue bonds to finance qualified projects.
(b) Restrictions.--Bonds issued under this chapter may not be general obligations of the municipality or county.
(c) Use of proceeds.--Funds generated from the issuance of a bond may only be used for the following purposes:
(1) Design, engineering and project development costs of a qualified project.
(2) Infrastructure related to and necessary for a qualified project.
(3) Purchase and installation cost of any equipment needed for a qualified project.
(4) Payment of normal and customary issuance and closing fees of a bond.
(5) Normal and customary administrative fees necessary to continue operations of the municipal or county financing agency. The fees can include, but are not limited to, audits and application fees.
Frequently Asked Questions About Pennsylvania § 4309
What does Pennsylvania Consolidated Statutes § 4309 cover?
Section 4309 ("Bonds.") 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 § 4309?
A common citation format is "Pennsylvania Consolidated Statutes § 4309" (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 § 4309 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.