School Borrowing

Harrington Adams, Deputy Attorney General, and Thomas D. McBride, Attorney General,

—You have asked to be advised with regard to the approval of the proceedings involved in the borrowing of money by a school district through a bond issue. This duty is imposed upon your department by the- Municipal Borrowing Law of June 25, 1941, P. L. 159, 53 PS §§6101 to 6703. More specifically, section 302 of said act, 53 PS §6302, provides that you shall ascertain whether the proposed debt is within the limitations imposed by the Constitution and whether such proceedings are in conformity with existing…