Appropriation

Act 81 of 2022, § 704, under HIGHWAY CAPITAL BUDGET PROJECT ITEMIZATION ACT OF 2022-2023 - ENACTMENT.

Act 81 of 2022, § 704

Section 704. Appropriation.

The net proceeds of the sale of the obligations authorized in this act are hereby appropriated from the Capital Facilities Fund to the Department of Transportation in the maximum amount of $7,136,410,325 to be used by it exclusively to defray the financial costs of the State projects specifically itemized in this capital budget. After reserving or paying the expenses of the sale of the obligation, the State Treasurer shall pay out to the Department of Transportation the moneys as required and certified by it to be legally due and payable.