Overall limitations on debt to be incurred for capital projects

Act 152 of 2006, § 2, under CAPITAL BUDGET AND PROJECT ITEMIZATION ACT OF 2006-2007.

Act 152 of 2006, § 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 2006-2007 fiscal year, and thereafter until the enactment of the 2007-2008 capital budget specifying the maximum debt for the 2007-2008 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

$445,000,000

General Fund or Special Fund as applicable

(2) Furniture and Equipment

5,000,000

General Fund or Special Fund as applicable

(3) Transportation Assistance Projects

155,000,000

General Fund

(4) Redevelopment Assistance Capital Projects

400,000,000

General Fund

(5) Flood Control Projects

10,000,000

General Fund

Total

$1,015,000,000