Pennsylvania § 9511.2 - Special revenue bonds.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 9511.2 — Special revenue bonds., with citation guidance and answers to common questions.
§ 9511.2. Special revenue bonds.
(a) Payment source.--A special revenue bond, note or other obligation issued under this chapter:
(1) shall not be deemed to be a debt or liability of the Commonwealth;
(2) shall not create or constitute any indebtedness, liability or obligation of the Commonwealth; and
(3) shall be payable solely from pledged revenues.
(b) Statement.--A special revenue bond, note or other obligation issued under this chapter must contain a statement on its face that:
(1) the Commonwealth is not obligated to pay the bond, note or obligation or the interest on it except from pledged revenues; and
(2) neither the faith and credit, nor the taxing power of the Commonwealth is pledged to the payment of the principal or interest of the bond, note or obligation.
(c) Taxation.--The issuance of a special revenue bond, note or other obligation under this chapter shall not directly, indirectly or contingently obligate the Commonwealth to levy a tax or to make an appropriation for payment.
(July 18, 2007, P.L.169, No.44, eff. imd.)
2007 Amendment. Act 44 added section 9511.2.
Cross References. Section 9511.2 is referred to in sections 8901, 9501, 9511.11 of this title.
Frequently Asked Questions About Pennsylvania § 9511.2
What does Pennsylvania Consolidated Statutes § 9511.2 cover?
Section 9511.2 ("Special revenue 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 § 9511.2?
A common citation format is "Pennsylvania Consolidated Statutes § 9511.2" (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 § 9511.2 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.