A. 
The County may borrow monies on its credit in anticipation of receipt of future taxes and revenues. The County may issue bonds for the purposes of, but not limited to, financing capital projects, refunding debt to minimize legal and financial risks inherent in a particular financing structure and reduce the costs of outstanding debt. Long-term debt shall require a pledge of the general taxing ability of the County without limit, and/or the pledge of certain revenues to be generated by projects for which the capital is raised.
B. 
The County may also borrow monies on its credit in anticipation of taxes and revenues to be collected for the current fiscal year and issue a certificate of indebtedness payable on a certain date.
C. 
All borrowings shall be authorized by the Chief Executive and approved by a majority vote of the seated members of County Council. The Local Government Unit Debt Act, 53 Pa. C.S.A. § 8001 et seq., shall govern borrowings unless otherwise provided for in the Charter[1] and this Administrative Code.
[1]
Editor's Note: The Charter is included at the beginning of the volume.