PRINTER'S NO. 1822
No. 1545 Session of 1979
INTRODUCED BY McCLATCHY, JUNE 25, 1979
REFERRED TO COMMITTEE ON APPROPRIATIONS, JUNE 25, 1979
A SUPPLEMENT
1 To the act of ( No. ), entitled "An act providing for
2 the capital budget for the fiscal year 1979-1980," itemizing
3 transportation assistance projects to be acquired or
4 constructed by the Pennsylvania Transportation Assistance
5 Authority together with their estimated financial cost;
6 authorizing the incurring of debt without the approval of the
7 electors for the purpose of financing the projects, stating
8 the estimated useful life of the projects, and making an
9 appropriation.
10 The General Assembly of the Commonwealth of Pennsylvania
11 hereby enacts as follows:
12 Section 1. Itemization and Authorization of Projects.--
13 Additional capital projects in the category of transportation
14 assistance projects with respect to which an interest is to be
15 acquired in or constructed by the Pennsylvania Transportation
16 Assistance Authority, its successors or assigns, and to be
17 financed by the incurring of debt, are hereby itemized, together
18 with the estimated financial costs and the total additional
19 amount authorized for the transportation assistance projects as
20 follows:
21 A. Total Project Authorization.................. $2,700,000
22 B. Itemization of Projects:
1 Project Base Design Total
2 Project and Project
3 Cost Contin- Cost
4 gencies
5 I. Port Authority of Allegheny
6 County
7 (1) Purchase of Equipment
8 and Renovation of
9 Facilities $355,000 $36,000 $391,000
10 II. Cambria County Transit
11 Authority
12 (1) Purchase of Buses
13 and Shelters 178,000 18,000 196,000
14 III. Cumberland-Dauphin-
15 Harrisburg Transit
16 Authority
17 (1) Purchase of Buses,
18 Related Equipment
19 and Renovation of
20 Facilities 158,000 16,000 174,000
21 IV. County of Lackawanna
22 Transit System
23 (1) Purchase of Buses
24 and Related
25 Equipment 77,000 8,000 85,000
26 V. Lehigh and Northampton
27 Transportation Authority
28 (1) Energy Conservation
29 Project-Allentown
30 Garage 50,000 5,000 55,000
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1 (2) Allentown Transfer
2 Center and Transit
3 System Support 37,000 4,000 41,000
4 VI. City of Philadelphia
5 (1) Additional Funds for
6 Project P.T.128, Air-
7 Conditioning of Market-
8 Frankford Subway Cars 1,348,000 135,000 1,483,000
9 VII. Southeastern Pennsylvania
10 Transportation Authority
11 (1) Hatboro/Warminster
12 Extension-Additional
13 Parking 92,000 9,000 101,000
14 (2) Additional Funds for
15 Project P.T.92, Purchase
16 of Equipment 82,000 8,000 90,000
17 VIII. York Area Transportation
18 Authority
19 (1) Additional Funds for
20 Project P.T.121, Purchase
21 of Buses, Related
22 Equipment and Renovation
23 of Facilities 76,000 8,000 84,000
24 Section 2. Allocation of Funds.--Whenever as determined by
25 the Pennsylvania Transportation Assistance Authority that the
26 full estimated financial costs of the transportation assistance
27 projects itemized in section 1 are not necessary for the proper
28 design, acquisition, or construction of such projects, the
29 excess funds no longer required may be allocated by the
30 Pennsylvania Transportation Assistance Authority to increase the
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1 estimated cost of any one or more of the transportation
2 assistance projects specifically itemized in a capital budget.
3 Section 3. Debt Authorization.--The Governor, Auditor
4 General and State Treasurer are hereby authorized and directed
5 to borrow, from time to time, in addition to any authorization
6 heretofore or hereafter enacted, on the credit of the
7 Commonwealth, subject to the limitations provided in the current
8 capital budget, money not exceeding in the aggregate the sum of
9 $2,700,000 as may be found necessary to carry out the
10 acquisition of the transportation assistance projects
11 specifically itemized herein.
12 Section 4. Issue of Bonds.--The indebtedness herein
13 authorized shall be incurred from time to time and shall be
14 evidenced by one or more series of general obligation bonds of
15 the Commonwealth in such aggregate principal amount for each
16 series as the Governor, Auditor General and State Treasurer
17 shall determine, but the latest stated maturity date shall not
18 exceed 30 years from the date of the bond first issued for each
19 such series.
20 Section 5. Estimated Useful Life of Projects.--The General
21 Assembly states that the estimated useful life of transportation
22 assistance projects heretofore itemized in the capital budget
23 for the fiscal year 1979-1980 is not less than 30 years from the
24 date of completion or acquisition of rights-of-way, track,
25 roadbeds, tunnels, electrification systems, structures, airport
26 improvements, buildings, stations, lands and interests therein
27 and the like; is not less than 15 years from the date of
28 acquisition of rolling stock; and is not less than 12 years from
29 the date of acquisition of passenger buses. The maximum term of
30 the debt authorized to be incurred hereunder is 30 years from
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1 the date of the first acquisition or completion.
2 Section 6. Appropriation.--The net proceeds of the sale of
3 the obligations herein authorized are hereby appropriated from
4 the Capital Facilities Fund to the Pennsylvania Transportation
5 Assistance Authority in the maximum amount of $2,700,000 to be
6 used by it exclusively to defray the financial costs of
7 transportation assistance projects specifically itemized in a
8 capital budget. After reserving or paying the expenses of the
9 sale of the obligation, the State Treasurer shall pay out to the
10 Pennsylvania Transportation Assistance Authority the moneys as
11 required and certified by it to be legally due and payable.
12 Section 7. Effective Date.--This act shall take effect on
13 July 1, 1979, or if enacted subsequent to that date,
14 immediately.
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