Overall limitations on debt to be incurred for capital projects

Act 52 of 2005, § 2, under CAPITAL BUDGET AUTHORIZATION AND HIGHWAY PROJECT ITEMIZATION ACT OF 2005-2006.

Act 52 of 2005, § 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 2005-2006 fiscal year, and thereafter until the enactment of the 2006-2007 capital budget specifying the maximum debt for the 2006-2007 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

$355,000,000

General Fund or Special Fund as applicable

(2) Transportation Assistance Projects

150,000,000

General Fund

(3) Redevelopment Assistance Projects

165,000,000

General Fund

(4) Flood Control Projects

22,000,000

General Fund

Total

$692,000,000