Overall limitations on debt to be incurred for capital projects

Act 21 of 2022, § 2, under CAPITAL BUDGET ACT OF 2021-2022 - ENACTMENT.

Act 21 of 2022, § 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 2021-2022 fiscal year, and thereafter until the enactment of the 2022-2023 capital budget specifying the maximum debt for the 2022-2023 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

$550,000,000

General Fund or Special Fund as applicable

(2) Furniture and equipment

10,000,000

General Fund or Special Fund as applicable

(3) Transportation assistance projects

175,000,000

General Fund

(4) Redevelopment assistance projects

275,000,000

General Fund

(5) Flood control projects

0

General Fund

Total

$1,010,000,000