Overall limitations on debt to be incurred for capital projects

Act 52 of 1998, § 2, under CAPITAL BUDGET ACT OF 1998-1999.

Act 52 of 1998, § 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 1998-1999 fiscal year, and thereafter until the enactment of the 1999-2000 capital budget specifying the maximum debt for the 1999-2000 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

$670,000,000.00

General Fund or Special Fund as applicable

(ii) Furniture and Equipment

600,0000

(2) Transportation Assistance Projects

150,000,000

General Fund

(3) Redevelopment Assistance Projects

70,000,000

General Fund

(4) Flood Control Projects

12,000,000

General Fund

Total

$908,000,000.00

(2 amended Dec. 21, 1998, P.L.1301, No.172)