Debt Authorization

Act 166 of 1972, § 1, under DEBT AUTHORIZATION.

Act 166 of 1972, § 1

Section 1. Debt Authorization.--Pursuant to the provisions of clause (4) of subsection (a) of section 7 of Article VIII of the Constitution of Pennsylvania, and the act of July 20, 1968 (P.L.550, No.217), known as the "Capital Facilities Debt Enabling Act," the Governor, Auditor General and 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 sixty-six million seven hundred fifty-six thousand twenty-seven dollars ($66,756,027) as may be found necessary to carry out the acquisition and construction of public improvement projects specifically itemized in a capital budget.

(1 amended Feb. 15, 1974, P.L.84, No.19)