PRINTER'S NO. 3768
No. 2542 Session of 2008
INTRODUCED BY D. EVANS, MAY 13, 2008
REFERRED TO COMMITTEE ON APPROPRIATIONS, MAY 13, 2008
AN ACT
1 Providing for additional debt authorization for the 2007-2008
2 fiscal year.
3 The General Assembly of the Commonwealth of Pennsylvania
4 hereby enacts as follows:
5 Section 1. Short title and construction.
6 (a) Short title.--This act shall be known and may be cited
7 as the Rebuilding Pennsylvania Capital Budget Act.
8 (b) Supplements.--A reference to this act shall be deemed to
9 include a reference to the supplements to this act.
10 (c) Capital Facilities Debt Enabling Act.--The provisions
11 and definitions of Chapter 3 of the act of February 9, 1999
12 (P.L.1, No.1), known as the Capital Facilities Debt Enabling
13 Act, shall apply to this act to the extent they are not
14 inconsistent with this act.
15 Section 2. Overall limitations on debt to be incurred for
16 capital projects.
17 In addition to the limit authorized under the act of July 17,
1 2007 (P.L.167, No.43), known as the Capital Budget Act of 2007-
2 2008, the maximum principal amount of additional debt to be
3 incurred during the 2007-2008 fiscal year for capital projects
4 specifically itemized in a capital budget under section 7(a)(4)
5 of Article VIII of the Constitution of Pennsylvania, and the
6 fund to be charged with the repayment of such debt, shall, with
7 respect to each category of capital projects, be as follows:
8 Category Amount Fund
9 (1) Public Improvement
10 Projects:
11 (i) Buildings and General Fund or
12 Structures $12,000,000 Special Fund as
13 applicable
14 (2) Furniture and General Fund or
15 Equipment 0 Special Fund as
16 applicable
17 (3) Transportation
18 Assistance Projects 15,000,000 General Fund
19 (4) Redevelopment
20 Assistance Projects 0 General Fund
21 (5) Flood Control
22 Projects 13,000,000 General Fund
23 (6) Bridge
24 Projects 200,000,000 General Fund or
25 Motor License
26 Fund
27 Total $240,000,000
28 Section 3. Total principal amount.
29 The total principal amount authorized to be incurred during
30 the 2007-2008 fiscal year under this act and under the act of
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1 July 17, 2007 (P.L.167, No.43), known as the Capital Budget Act
2 of 2007-2008, may be incurred following the expiration of the
3 2007-2008 fiscal year until the enactment of the 2009-2010
4 capital budget specifying the maximum debt for the 2009-2010
5 fiscal year.
6 Section 4. Effective date.
7 This act shall take effect immediately.
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