PRINTER'S NO. 3813
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
2536
Session of
2020
INTRODUCED BY JAMES, MOUL, EVERETT, FREEMAN AND SAPPEY,
MAY 21, 2020
REFERRED TO COMMITTEE ON LOCAL GOVERNMENT, MAY 21, 2020
AN ACT
Amending Title 53 (Municipalities Generally) of the Pennsylvania
Consolidated Statutes, in incurring debt and issuing bonds
and notes, providing for emergency tax anticipation notes.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Title 53 of the Pennsylvania Consolidated
Statutes is amended by adding a section to read:
ยง 8121.1. Emergency tax anticipation notes.
(a) Legislative findings.--The General Assembly finds and
declares that the proclamation of disaster emergency issued by
the Governor on March 6, 2020, published at 50 Pa.B. 1644 (March
21, 2020), and the resulting global pandemic from COVID-19, has
had an unexpected and sudden effect on the citizens, governments
and businesses of the Commonwealth, including a material
negative effect on the revenues of many local government units.
(b) Emergency borrowing authorized.--Notwithstanding any
other provision of this title or law, a local government unit
may borrow money under section 8121 (relating to power to issue
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