Debt authorization

Act 136 of 1994, § 71.1, under FIRST SUPPLEMENTAL CAPITAL BUDGET PROJECT ITEMIZATION ACT OF 1994-1995.

Act 136 of 1994, § 71.1

Section 71.1. Debt authorization.

(a) Public improvement projects.--The Governor, the Auditor General and the State Treasurer are hereby authorized and directed to borrow, from time to time, in addition to any authorization heretofore or hereafter enacted, on the credit of the Commonwealth, subject to the limitations provided in the current capital budget, money not exceeding in the aggregate the sum of $4,600,000 as may be found necessary to carry out the acquisition and construction of the public improvement projects specifically itemized in a capital budget.

(b) Redevelopment assistance projects.--The Governor, the Auditor General and the State Treasurer are hereby authorized and directed to borrow, from time to time, in addition to any authorization heretofore or hereafter enacted, on the credit of the Commonwealth, subject to the limitations provided in the current capital budget, money not exceeding in the aggregate the sum of $6,000,000 as may be found necessary to carry out the acquisition and construction of the redevelopment assistance and redevelopment assistance capital projects specifically itemized in a capital budget.