the petition by advertisement in the legal newspaper of the
county, if one is published in the county, and in one newspaper
of general circulation and fix a day and time for hearing. After
the hearing, the court may decrease the number of members of
council elected in the borough from seven to five or to three,
as requested in the petition.]
* * *
§ 24A03. SPECIFIC POWERS.
(A) SPECIFIC POWERS ENUMERATED.--IN ADDITION TO EXERCISING
ITS GENERAL POWERS UNDER SECTION 24A02 (RELATING TO GENERAL
POWERS), A BOROUGH, THROUGH ITS GOVERNING BODY, SHALL HAVE THE
FOLLOWING POWERS:
(1) TO CONTRACT FOR THE PURCHASE, SALE, EXCHANGE,
INTERCHANGE, WHEELING, POOLING OR TRANSMISSION OF ELECTRIC
POWER AND ENERGY OR FOR THE RIGHT TO THE CAPACITY OF ELECTRIC
POWER, INSIDE AND OUTSIDE OF THIS COMMONWEALTH, TO AND FROM
ANY PUBLIC OR PRIVATE POWER ENTITIES, PRIVATE POWER
COMPANIES, OTHER BOROUGHS AND ELECTRIC COOPERATIVE
CORPORATIONS. THE SALE OF ELECTRIC POWER TO A BOROUGH FOR
RESALE INSIDE THE LIMITS OF THE BOROUGH AND THE SALE OF
ELECTRIC POWER BY A BOROUGH INSIDE THE LIMITS OF THE BOROUGH
SHALL BE EXEMPT FROM THE TAX IMPOSED UNDER SECTION 1101 OF
THE ACT OF MARCH 4, 1971 (P.L.6, NO.2), KNOWN AS THE TAX
REFORM CODE OF 1971.
* * *
SECTION 3. THE AMENDMENT OF 8 PA.C.S. § 24A03(A)(1) SHALL
APPLY AS FOLLOWS:
(1) TO GROSS RECEIPTS RECEIVED AFTER DECEMBER 31, 2016.
(2) TO SALES TO OR BY A MUNICIPAL POWER AGENCY OR ANY
BOROUGH OWNED OR OPERATED UTILITY ESTABLISHED ON OR BEFORE
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