Overall limitations on debt to be incurred for capital projects

Act 22 of 2000, § 2, under CAPITAL BUDGET ACT OF 2000-2001.

Act 22 of 2000, § 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 2000-2001 fiscal year, and thereafter until the enactment of the 2001-2002 capital budget specifying the maximum debt for the 2001-2002 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

$600,000,000

General Fund or Special Fund as

(ii) Furniture and Equipment

80,000,000

applicable

(2) Transportation Assistance Projects

190,000,000

General Fund

(3) Redevelopment Assistance Projects

295,000,000

General Fund

(4) Flood Control Projects

14,000,000

General Fund

Total

$1,179,000,000

(2 amended June 22, 2000, P.L.136, No.27)