Overall limitations on debt to be incurred for capital projects

Act 48 of 2025, § 2, under CAPITAL BUDGET ACT OF 2025-2026 - ENACTMENT.

Act 48 of 2025, § 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 2025-2026 fiscal year, and thereafter until the enactment of the 2026-2027 capital budget specifying the maximum debt for the 2026-2027 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

$1,100,000,000

General Fund or Special Fund as applicable

(2) Furniture and equipment

20,000,000

General Fund or Special Fund as applicable

(3) Transportation assistance projects

100,000,000

General Fund

(4) Redevelopment assistance projects

350,000,000

General Fund

(5) Flood control projects

0

General Fund

Total

$1,570,000,000