Overall limitations on debt to be incurred for capital projects

Act 124 of 1986, § 2, under CAPITAL BUDGET ACT OF 1986-1987.

Act 124 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 1986-1987 fiscal year, and thereafter until the enactment of the 1987-1988 capital budget specifying the maximum debt for the 1987-1988 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

$165,000,000

General Fund or

(ii) Furniture and Equipment

15,000,000

Special Fund as

applicable

(iii) Flood Control

3,000,000

(2) Transportation Assistance Projects

40,000,000

General Fund

(3) Highways

(i) General

66,000,000

Motor License

Fund

(ii) Advanced Construction Interstate

212,500,000

(4) Redevelopment Assistance

100,000,000

General Fund

Total

$601,500,000