Overall limitations on debt to be incurred for capital projects

Act 21 of 1997, § 2, under CAPITAL BUDGET ACT OF 1997-1998.

Act 21 of 1997, § 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 1997-1998 fiscal year, and thereafter until the enactment of the 1998-1999 capital budget specifying the maximum debt for the 1998-1999 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

$210,000,000

General Fund or

Special Fund as

applicable

(ii) Furniture and Equipment

35,000,000

(2) Transportation Assistance Projects

135,000,000

General Fund

(3) Redevelopment Assistance Projects

60,000,000

General Fund

(4) Flood Control Projects

11,000,000

General Fund

Total

$451,000,000