PRINTER'S NO. 1184
THE GENERAL ASSEMBLY OF PENNSYLVANIA
INTRODUCED BY TEPLITZ, FOLMER, BLAKE, EICHELBERGER, BOSCOLA, YUDICHAK, WOZNIAK, SOLOBAY, BREWSTER, FARNESE AND WAUGH, JUNE 7, 2013
REFERRED TO LOCAL GOVERNMENT, JUNE 7, 2013
1Amending the act of June 25, 1919 (P.L.581, No.274), entitled
2"An act for the better government of cities of the first
3class of this Commonwealth," providing for a prohibition on
4interest rate swap agreements.
10Section 10. No city of the first class may enter into an
11interest rate management agreement, including a swap, interest
12rate cap, collar, corridor, ceiling and floor agreement, forward
13agreement and float agreement.
18Section 3. This act shall take effect in 60 days.