Overall limitations on debt to be incurred for capital projects

Act 38 of 1995, § 2, under CAPITAL BUDGET ACT OF 1995-1996.

Act 38 of 1995, § 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 1995-1996 fiscal year, and thereafter until the enactment of the 1996-1997 capital budget specifying the maximum debt for the 1996-1997 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

$260,000,000

General Fund or

Special Fund as

applicable

(ii) Furniture and Equipment

19,000,000

(2) Transportation Assistance Projects

140,000,000

General Fund

(3) Redevelopment Assistance Projects

101,000,000

General Fund

(4) Flood Control Projects

6,000,000

General Fund

Total

$526,000,000