Overall limitations on debt to be incurred for capital projects

Act 1 of 1986, § 2, under CAPITAL BUDGET ACT OF 1985-1986.

Act 1 of 1986, § 2

Section 2. Overall limitations on debt to be incurred for capital projects.

The maximum principal amount of additional debt to be incurred during the 1985-1986 fiscal year, and thereafter until the enactment of the 1986-1987 capital budget specifying the maximum debt for the 1986-1987 fiscal year, for capital projects specifically itemized in a capital budget pursuant to section 7(a)(4) of Article VIII of the Constitution of Pennsylvania, and the fund to be charged with the repayment of such debt, shall, with respect to each category of capital projects, be as follows:

Category

Amount

Fund

(1) Public Improvement Projects: Department of General Services

(i) Construction

$160,000,000

General Fund or

(ii) Furniture and Equipment

5,000,000

Special Fund as

applicable

(2) Transportation Assistance Projects

70,000,000

General Fund

Total

$235,000,000