PRINTER'S NO. 2902
No. 2131 Session of 1986
INTRODUCED BY MOWERY AND A. C. FOSTER, JR., FEBRUARY 11, 1986
REFERRED TO COMMITTEE ON URBAN AFFAIRS, FEBRUARY 11, 1986
AN ACT
1 Amending the act of July 29, 1953 (P.L.1034, No.270), entitled,
2 as amended, "An act creating as bodies corporate and politic
3 "Public Auditorium Authorities" in counties of the second
4 class and in cities of the second class and in cities of the
5 second class A and counties in which a city of the second
6 class A is located, singly or jointly; prescribing the
7 rights, powers and duties of such Authorities; authorizing
8 such Authorities to acquire, construct, improve, maintain and
9 operate public auditoriums; to borrow money and issue bonds
10 therefor; providing for the payment of such bonds and
11 prescribing the rights of the holders thereof; conferring the
12 right of eminent domain on such Authorities; empowering such
13 Authorities to enter into contracts, leases and licenses with
14 and to accept grants from private sources, the Federal
15 Government, State, political subdivisions of the State or any
16 agency thereof; authorizing the making of said grants from
17 bond funds or current revenues; authorizing Authorities to
18 collect rentals, admissions, license fees for the use of the
19 project; exempting the property and securities of such Public
20 Auditorium Authorities from taxation," further providing for
21 an authority's power regarding pension or retirement funds.
22 The General Assembly of the Commonwealth of Pennsylvania
23 hereby enacts as follows:
24 Section 1. Section 5 B(o) of the act of July 29, 1953,
25 (P.L.1034, No.270), known as the Public Auditorium Authorities
26 Law, is amended to read:
27 Section 5. Purposes and Powers; General.
1 * * *
2 B. Every Authority is hereby granted and shall have and may
3 exercise all powers necessary or convenient for the carrying out
4 of the aforesaid purpose including, but without limiting the
5 generality of the foregoing, the following rights and powers.
6 * * *
7 (o) To enter into contracts of group insurance for the
8 benefit of its employes and to set up a retirement or pension
9 fund for such employes[.] which shall conform with the
10 applicable requirements of the act of December 18, 1984
11 (P.L.1005, No.205), known as the "Municipal Pension Plan Funding
12 Standard and Recovery Act."
13 * * *
14 Section 2. This act shall take effect immediately.
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