Overall limitations on debt to be incurred for capital projects

Act 128 of 2014, § 2, under CAPITAL BUDGET AND PROJECT ITEMIZATION ACT OF 2014-2015.

Act 128 of 2014, § 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 2014-2015 fiscal year, and thereafter until the enactment of the 2015-2016 capital budget specifying the maximum debt for the 2015-2016 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:

(i) Buildings and structures

$725,000,000

General Fund or Special Fund as applicable

(2) Furniture and equipment

50,000,000

General Fund or Special Fund as applicable

(3) Transportation assistance projects

175,000,000

General Fund

(4) Redevelopment assistance projects

335,000,000

General Fund

(5) Flood control projects

10,000,000

General Fund

TOTAL

$1,295,000,000