5188

Nothing contained in §§ 5185–5191 of this title shall be understood to modify any former action pursuant to the law binding the good faith, credit and taxing power of the Commonwealth or any municipality to a commitment for payment of the principal or interest on any bonds or notes of the Commonwealth or any municipality, nor does it impair the guarantees of commitments of this nature made hereinafter, pursuant to the law. Should the Legislature during any fiscal year discontinue the appropriation provided by § 5189 of this title, the exemption granted by §§ 5185–5191 of this title on the payment of property taxes levied by the Commonwealth or the municipalities, as the case may be, shall be suspended for said fiscal year and this provision shall constitute a commitment from time to time, with holders of bonds and notes for payment of which the power to levy taxes of the Commonwealth or of any municipality has been committed.\nHistory —Aug. 30, 1991, No. 83, § 5.38; Aug. 6, 1992, No. 45, § 8.