53 Pa. Stat. § 895.703-A

Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 895.703-A - Agents; solicitation
(a)Disclosure.--A person or an affiliated entity that intends to enter or that enters into a professional services contract shall disclose the employment or compensation of a third party intermediary, agent or lobbyist to directly or indirectly communicate with a municipal pension system official or employee or a municipal official or employee in connection with any transaction or investment involving the contractor and the municipal pension system. The disclosure shall not apply to an officer or employee of the investment firm who is acting within the scope of the firm's standard professional duties on behalf of the firm, including the actual provision of legal, accounting, engineering, real estate or other professional advice, services or assistance pursuant to a professional services contract with the municipal pension system.
(b) Repealed by 2010, July 9, P.L. 434, No. 56, § 21(2), imd. effective.
(c)Limitation on communication.--Upon the advertisement for a professional services contract by the municipal pension system, the contractor may not cause or agree to allow a third party to communicate with officials or employees of the municipal pension system except for requests for technical clarification. Requests for technical clarification shall be made by a designated employee of the municipal pension system. Nothing in this subsection shall preclude a potential contractor from responding to requests for clarification or additional information from the municipal pension system.

53 P.S. § 895.703-A

1984, Dec. 18, P.L. 1005, No. 205, § 703 -A, added 2009, Sept. 18, P.L. 396, No. 44, § 15, effective in 90 days [Dec. 17, 2009]. Affected 2010, July 9, P.L. 434, No. 56, § 21(2), imd. effective.