Act 47

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With relatively little fanfare last year, shortly before he was given an early retirement by the voters, Governor Tom Corbett of Pennsylvania signed into law Act 199, which amends the Commonwealth’s program for distress municipalities known as Act 47.

Act 199 makes numerous changes to municipal recovery in Pennsylvania.  While most of the attention has…

Reprinted with permission from the September 24, 2013 issue of The Legal Intelligencer. 
© 2013 ALM Media Properties, LLC. 
Further duplication without permission is prohibited. All rights reserved.

If you are a municipality in Pennsylvania, you do not have an easy life.  In many ways, you operate like a small business: you have revenues, expenses…