Pennsylvania Code
Pennsylvania Code & Bulletin
COMMONWEALTH OF PENNSYLVANIA

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4 Pa. Code § 7.182. Responsibilities.

§ 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).


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