Overall limitations on debt to be incurred for capital projects

Act 193 of 2012, § 2, under CAPITAL BUDGET ACT OF 2012-2013 - ENACTMENT.

Act 193 of 2012, § 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 2012-2013 fiscal year, and thereafter until the enactment of the 2013-2014 capital budget specifying the maximum debt for the 2013-2014 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

$995,000,000

General Fund or Special Fund as applicable

(2) Furniture and equipment

40,000,000

General Fund or Special Fund as applicable

(3) Transportation assistance projects

210,000,000

General Fund

(4) Redevelopment assistance projects

345,000,000

General Fund

(5) Bridge projects

85,000,000

General Fund or Motor License Fund

TOTAL

$1,675,000,000