Pennsylvania Code
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COMMONWEALTH OF PENNSYLVANIA

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Pennsylvania Code



Subchapter M. SCHEDULING OF BOND AND
NOTE ISSUE SALES


Sec.


7.181.    General.
7.182.    Responsibilities.
7.183.    Rescission.

Source

   The provisions of this Subchapter M adopted October 22, 1976, 6 Pa.B. 2640, unless otherwise noted.

§ 7.181. General.

 The uncoordinated sale of bonds and notes by the Commonwealth and its agencies, authorities and commissions may lead to marketing conflicts between the various issuers. The conflicts may result in increased interest costs to the Commonwealth.

Source

   The provisions of this §  7.181 amended by Executive Order No. 1981-3, dated January 30, 1981, effective January 30, 1981, 11 Pa.B. 1926. Immediately preceding text appears at serial page (55498).

§ 7.182. Responsibilities.

 (a)  Avoidance of uncoordinated sales and their adverse effect on the costs and marketability of these bonds and notes shall be the responsibility of debt issuers.

 (b)  The Secretary of the Budget shall be responsible for coordinating and scheduling bond and note sales of Commonwealth issuers.

 (c)  Agencies, authorities and commissions issuing notes or bonds, either in a public or private sale, shall notify the Secretary of the Budget in advance of each bond or note sale planned. The sale of bonds and notes shall be advertised only after receiving approval of the proposed sale date from the Secretary of the Budget.

Source

   The provisions of this §  7.182 amended by Executive Order No. 1981-3, dated January 30, 1981, effective January 30, 1981, 11 Pa.B. 1926. Immediately preceding text appears at serial pages (55498) and (55499).

§ 7.183. Rescission.

 Executive Order 1975-11 is rescinded.

Source

   The provisions of this §  7.183 adopted by Executive Order No. 1981-3, dated January 30, 1981, effective January 30, 1981, 11 Pa.B. 1926.


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