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Code · Pennsylvania · Title 53 — MUNICIPALITIES GENERALLY · Chapter 80

§ 8009. Guaranty funds and compulsory associations.

251 words·~1 min read·/pa/title-53/chapter-80/8009

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

§ 8009. Guaranty funds and compulsory associations.
(a)Self-insurance.-- No self-insurance program funded pursuant to this subpart shall be required or permitted to join or contribute financially to any insurance insolvency guaranty fund, or similar mechanism, in this Commonwealth, nor shall any such self-insurance program funded pursuant to this subpart, or its insureds or claimants against its insureds, receive any benefit from any such fund for claims arising under the coverage provided by such self-insurance program.
(b)Exception.-- When a local government unit or group of local government units obtains insurance from a self-insurance program funded pursuant to this subpart, such risks, wherever resident or located, shall not be covered by any insurance guaranty fund or similar mechanism in this Commonwealth.
53c8021h
SUBCHAPTER B
LIMITATIONS ON DEBT OF LOCAL GOVERNMENT UNITS
Sec.
8021. No limitation on debt approved by electors.
8022. Limitations on incurring of other debt.
8023. Transfer to electoral debt of debt incurred without approval of electors.
8024. Exclusion of subsidized debt from net nonelectoral debt or net lease rental debt.
8025. Exclusion of self-liquidating debt evidenced by revenue bonds or notes to determine net nonelectoral debt.
8026. Exclusion of other self-liquidating debt to determine net nonelectoral debt or net lease rental debt.
8027. Effect of debt limitations on outstanding debt.
8028. Determination of existing net nonelectoral debt and net nonelectoral plus net lease rental debt.
8029. Determination of debt limits.
Cross References. Subchapter B is referred to in sections 8002, 8103, 8109, 8125, 8244 of this title.
53c8021s
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