Overall limitations on debt to be incurred for capital projects

Act 53 of 2009, § 2, under CAPITAL BUDGET AND PROJECT ITEMIZATION ACT OF 2009-2010 - ENACTMENT.

Act 53 of 2009, § 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 2009-2010 fiscal year, and thereafter until the enactment of the 2010-2011 capital budget specifying the maximum debt for the 2010-2011 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

$920,000,000

General Fund or Special Fund as applicable

(2) Furniture and Equipment

15,000,000

General Fund or Special Fund as applicable

(3) Transportation Assistance Projects

192,000,000

General Fund

(4) Redevelopment assistance projects

325,000,000

General Fund

(5) Flood Control Projects

30,000,000

General Fund

(6) Bridge Projects

200,000,000

General Fund or Motor License Fund

Total

$1,682,000,000