Overall limitations on debt to be incurred for capital projects

Act 53 of 2001, § 2, under CAPITAL BUDGET ACT OF 2001-2002.

Act 53 of 2001, § 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 2001-2002 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

$685,000,000

General Fund or Special Fund as applicable

(ii) Furniture and Equipment

35,000,000

(2) Transportation Assistance Projects

180,000,000

General Fund

(3) Redevelopment Assistance Projects

365,000,000

General Fund

(4) Flood Control Projects

6,000,000

General Fund

Total

$1,271,000,000