Pennsylvania § 724 - Governing body agreements.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 724 — Governing body agreements., with citation guidance and answers to common questions.
§ 724. Governing body agreements.
(a) General rule.--Prior to the effective date of a boundary change, an impacted municipality may execute an agreement fully resolving:
(1) Transfers of any funds and indebtedness related to property within the impacted territory.
(2) The sharing of costs associated with the territorial alteration or clarification.
(3) The sharing or division of any tax or fee revenues associated with property within the impacted territory in the year that a territorial alteration occurs.
(4) A resolution of any matters, rights or other issues incident to the transfer of territory.
(b) Exception.--In the event that an agreement under this section is incorporated in an ordinance, sections 725 (relating to adjustment of indebtedness), 726 (relating to judicial adjustment award proceedings), 727 (relating to compensation, expenses and costs), 728 (relating to territory located in multiple counties) and 729 (relating to bond issues) shall not apply.
Frequently Asked Questions About Pennsylvania § 724
What does Pennsylvania Consolidated Statutes § 724 cover?
Section 724 ("Governing body agreements.") 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 § 724?
A common citation format is "Pennsylvania Consolidated Statutes § 724" (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 § 724 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.