Overall limitations on debt to be incurred for capital projects

Act 54 of 2008, § 2, under CAPITAL BUDGET ACT OF 2008-2009 - ENACTMENT.

Act 54 of 2008, § 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 2008-2009 fiscal year, and thereafter until the enactment of the 2009-2010 capital budget specifying the maximum debt for the 2009-2010 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

$404,000,000

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

180,000,000

General Fund

(4) Redevelopment Assistance Projects

200,000,000

General Fund

(5) Flood Control Projects

41,000,000

General Fund

(6) Bridge Projects

350,000,000

General Fund or

Motor License Fund

(7) Highway Projects

35,000,000

Motor License Fund

Total

$1,225,000,000