SENATE AMENDED
PRIOR PRINTER'S NOS. 40, 442 PRINTER'S NO. 1072
No. 39 Session of 1981
INTRODUCED BY LEVI, FRYER, A. C. FOSTER, JR. AND DeMEDIO,
JANUARY 19, 1981
SENATOR CORMAN, LOCAL GOVERNMENT, IN SENATE, AS AMENDED,
MARCH 24, 1981
AN ACT
1 Amending the act of June 24, 1931 (P.L.1206, No.331), entitled
2 "An act concerning townships of the first class; amending,
3 revising, consolidating, and changing the law relating
4 thereto," authorizing taxation for the purpose of paying
5 interest and principal on certain indebtedness.
6 The General Assembly of the Commonwealth of Pennsylvania
7 hereby enacts as follows:
8 Section 1. Clause five of section 1709, act of June 24, 1931
9 (P.L.1206, No.331), known as "The First Class Township Code,"
10 reenacted and amended May 27, 1949 (P.L.1955, No.569), is
11 amended to read:
12 Section 1709. Tax Levies.--The board of township
13 commissioners may levy taxes upon all property and upon all
14 occupations within the township made taxable for township
15 purposes, as ascertained by the valuation for county purposes
16 made by the assessors of the several counties of this
17 Commonwealth for the year for which the township taxes are
18 levied, for the purposes and at the rate hereinafter specified:
1 Provided, however, That such valuation shall be subject to
2 correction by the county commissioners of the several counties,
3 and to appeal by the taxable persons in accordance with existing
4 laws.
5 * * *
6 Five. [An annual tax sufficient to pay interest on
7 indebtedness and sinking fund charges.] An annual tax sufficient
8 to pay interest and principal currently due on any indebtedness <--
9 incurred pursuant to the act of July 12, 1972 (P.L.781, No.185),
10 known as the "Local Government Unit Debt Act," or any PRIOR OR <--
11 subsequent act governing the incurrence of indebtedness of the
12 township.
13 * * *
14 Section 2. This act shall take effect in 60 days.
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