** MEDIA ADVISORY ** HEARINGS ON LEGISLATION REGARDING MUNICIPAL DEBT AND “SWAPS”

For Immediate Release
9/5/13

WHO: Senate Local Government Committee
WHAT:
Public Hearing
WHEN:
Monday, September 9, 2013, at 10:00 a.m.
WHERE:
Hearing Room 1, North Office Bldg.
State Capitol Complex, Harrisburg, PA

Harrisburg, PA –The Senate Local Government Committee will be holding a public hearing on Senate Bills 901-904, legislation pertaining to the incurring of municipal debt and the use of interest rate swaps and other financial instruments. The legislation derives, in part, from hearings held by the Committee in 2012 with regard to the distressed Harrisburg incinerator project.

Expected to testify are current and former government officials, as well as financial advisers and representatives from the legal and bond underwriting industries.

The agenda and information relating to the hearing is available online at: http://local-government.pasenategop.com/.

CONTACT:

Lee Derr