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2020 Pennsylvania Consolidated & Unconsolidated Statutes
Title 74 - TRANSPORTATION
Chapter 17 - Metropolitan Transportation Authorities
Section 1773 - Limitation on authority under Federal bankruptcy code
Universal Citation: 74 PA Cons Stat § 1773 (2020)
§ 1773. Limitation on authority under Federal bankruptcy code.
So long as an authority shall have outstanding any bonds issued under this chapter, the authority shall not be authorized to file a petition for relief under 11 U.S.C. Chapter 9 (relating to adjustment of debts of a municipality), and no public officer or agency or instrumentality of the Commonwealth shall authorize the authority to become a debtor under 11 U.S.C. Chapter 9 so long as any bonds issued under this chapter are outstanding.
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