Section 11. Estimated useful life of projects.
The General Assembly states that the estimated useful life of the public improvement projects heretofore itemized is as follows:
(1) Public Improvement Projects:
(i) Forest service roads, 10 years.
(ii) All other projects, 30 years.
(2) Furniture and Equipment Projects, 10 years.
(3) Redevelopment Assistance Projects, 30 years.
(4) Transportation Assistance Projects:
(i) Rolling stock, 15 years.
(ii) Passenger buses, 12 years.
(iii) Furniture and equipment, 10 years.
(iv) All others, 30 years.
The maximum term of the debt authorized to be incurred hereunder is 30 years.