Overall limitations on debt to be incurred for capital projects

Act 130 of 2011, § 2, under CAPITAL BUDGET ACT OF 2011-2012 - ENACTMENT.

Act 130 of 2011, § 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 2011-2012 fiscal year, and thereafter until the enactment of the 2012-2013 capital budget specifying the maximum debt for the 2012-2013 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

$935,000,000

General Fund or Special Fund as applicable

(2) Furniture and equipment

10,000,000

General Fund or Special Fund as applicable

(3) Transportation assistance projects

212,000,000

General Fund

(4) Redevelopment assistance projects

270,000,000

General Fund

(5) Flood control projects

35,000,000

General Fund

(6) Bridge projects

200,000,000

General Fund or Motor License Fund

TOTAL

$1,662,000,000