32 Pa. C.S. § 7502
The following words and phrases when used in this chapter shall have, unless the context clearly indicates otherwise, the meanings given to them in this section:
"Board." The Water Facilities Loan Board established by this chapter.
"Issuing officials." The Governor, the Auditor General and the State Treasurer.
"Municipality." A city, borough, incorporated town, township, county or municipal authority.
"Notes." Temporary obligations issued by the Commonwealth pursuant to this chapter in anticipation of bonds, and shall include renewal notes.
"Renewal notes." Notes, the net proceeds of which are used to pay principal, accrued interest and premium, if any, of previously issued notes or renewal notes, and which evidence the same temporary borrowing of the Commonwealth as the notes or renewal notes replaced.
32 Pa.C.S. § 7502