Business & Corporate
Pennsylvania Limits Interest Accrual on Capital Debt
Pennsylvania has limited interest that accrues on its capital debt obligations by enacting Act 43 of 2019 (the Act”) which requires principal payments to be made in equal annual maturities. This plan requires an equal amount of principal to be included in each payment over the life of an obligation. The Act removes a prior repayment option of increasing principal components of level payments to bondholders.