Overall limitations on debt to be incurred for capital projects

Act 76 of 1983, § 2, under CAPITAL BUDGET ACT OF 1983-1984.

Act 76 of 1983, § 2

Section 2. Overall limitations on debt to be incurred for capital projects.

The maximum principal amount of additional debt to be incurred hereafter during the 1983-1984 fiscal year and thereafter, until the enactment of the 1984-1985 capital budget specifying the maximum debt for the 1984-1985 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: Department of General Services

(a) Construction

$150,000,000

General Fund or

(b) Furniture and Equipment

10,000,000

Special Fund as applicable

(2) Transportation Assistance Projects

65,000,000

General Fund

(3) Highways

100,000,000

Motor License

Fund

Total

$325,000,000