PRINTER'S NO. 309
No. 279 Session of 1997
INTRODUCED BY NICKOL, STETLER, PLATTS, WAUGH, SAYLOR, B. SMITH AND MASLAND, FEBRUARY 5, 1997
REFERRED TO COMMITTEE ON APPROPRIATIONS, FEBRUARY 5, 1997
A SUPPLEMENT 1 To the act of July 11, 1996 (P.L.595, No.101), entitled "An act 2 providing for the capital budget for the fiscal year 1996- 3 1997; itemizing public improvement projects and furniture and 4 equipment projects and redevelopment assistance projects to 5 be constructed, acquired or assisted by the Department of 6 General Services, together with their estimated financial 7 costs; incurring of debt without the approval of the electors 8 for the purpose of financing the projects to be constructed, 9 acquired or assisted by the Department of General Services; 10 stating the useful life of the projects; authorizing certain 11 contract provisions; making appropriations; and making 12 repeals," itemizing public improvement projects to be 13 constructed or acquired or assisted by the Department of 14 General Services, together with their estimated financial 15 costs; authorizing the incurring of debt without the approval 16 of the electors for the purpose of financing the projects to 17 be constructed or acquired or assisted by the Department of 18 General Services; stating the estimated useful life of the 19 projects; and making appropriations. 20 The General Assembly of the Commonwealth of Pennsylvania 21 hereby enacts as follows: 22 Section 1. Short title. 23 This act shall be known and may be cited as the Second 24 Supplemental Capital Budget Project Itemization Act for 1996- 25 1997. 26 Section 2. Total authorizations.
1 The total authorization for the additional capital projects 2 in the category of public improvement projects itemized in 3 section 3 and to be acquired or constructed by the Department of 4 General Services, its successors or assigns, and to be financed 5 by the incurring of debt, shall be $11,900,000. 6 Section 3. Itemization of public improvement projects. 7 Additional capital projects in the category of public 8 improvement projects to be constructed or acquired by the 9 Department of General Services, its successors or assigns, and 10 to be financed by the incurring of debt, are hereby itemized, 11 together with their respective estimated financial costs, as 12 follows: 13 Total 14 Project 15 Project Allocation 16 (1) Department of Education $11,900,000 17 (i) Addition to Library and 18 Auditorium/Classrooms Building of York 19 Campus of The Pennsylvania State 20 University 11,900,000 21 Section 4. Debt authorization. 22 The Governor, Auditor General and State Treasurer are hereby 23 authorized and directed to borrow from time to time in addition 24 to any authorization heretofore or hereafter enacted, on the 25 credit of the Commonwealth, subject to the limitations provided 26 in the current capital budget, money not exceeding in the 27 aggregate the sum of $11,900,000 as may be found necessary to 28 carry out the acquisition and construction of the public 29 improvement projects specifically itemized in a capital budget. 30 Section 5. Issue of bonds. 19970H0279B0309 - 2 -
1 The indebtedness authorized in this act shall be incurred, 2 from time to time, and shall be evidenced by one or more series 3 of general obligation bonds of the Commonwealth in such 4 aggregate principal amount for each series as the Governor, the 5 Auditor General and the State Treasurer shall determine, but the 6 latest stated maturity date shall not exceed the estimated 7 useful life of the projects being financed as stated in section 8 6. 9 Section 6. Estimated useful life and term of debt. 10 (a) Estimated useful life.--The General Assembly states that 11 the estimated useful life of the public improvement projects 12 itemized in this act is as follows: 13 (1) Public improvement projects, 30 years. 14 (2) Furniture and equipment projects, 10 years. 15 (3) Transportation assistance projects: 16 (i) Rolling stock, 15 years. 17 (ii) Passenger buses, 12 years. 18 (iii) Furniture and equipment, 10 years. 19 (iv) All others, 30 years. 20 (b) Term of debt.--The maximum term of the debt authorized 21 to be incurred under this act is 30 years. 22 Section 7. Appropriations. 23 The net proceeds of the sale of the obligations authorized in 24 this act are hereby appropriated from the Capital Facilities 25 Fund to the Department of General Services in the maximum amount 26 of $11,900,000 to be used by it exclusively to defray the 27 financial cost of the public improvement projects specifically 28 itemized in a capital budget. After reserving or paying the 29 expenses of the sale of the obligation, the State Treasurer 30 shall pay to the Department of General Services the moneys as 19970H0279B0309 - 3 -
1 required and certified by it to be legally due and payable. 2 Section 8. Federal funds. 3 In addition to those funds appropriated in section 7, all 4 moneys received from the Federal Government for the projects 5 specifically itemized in this act are also hereby appropriated 6 for those projects. 7 Section 9. Editorial changes. 8 In editing and preparing this act for printing following the 9 final enactment, the Legislative Reference Bureau shall insert 10 or revise letters or numbers for projects where the letters or 11 numbers are missing or require revision. The bureau shall also 12 revise the total monetary amounts for the total authorization, 13 debt authorization, appropriations and departmental totals as 14 necessary to agree with the total monetary amounts of the 15 projects. 16 Section 10. Effective date. 17 This act shall take effect immediately. A28L86BIL/19970H0279B0309 - 4 -