Overall limitations on debt to be incurred for capital projects

Act 26 of 1987, § 2, under CAPITAL BUDGET ACT OF 1987-1988.

Act 26 of 1987, § 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 1987-1988 fiscal year, and thereafter until the enactment of the 1988-1989 capital budget specifying the maximum debt for the 1988-1989 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: Department of General Services

(i) Construction

$185,000,000

General Fund or

(ii) Furniture and Equipment

15,000,000

Special Fund as

applicable

(iii) Flood Control

10,000,000

(2) Transportation Assistance Projects

55,000,000

General Fund

(3) Highways

(i) General

120,000,000

Motor License

Fund

(ii) Advanced Construction Interstate

210,000,000

(4) Redevelopment Assistance

155,000,000

General Fund

Total

$750,000,000