PRINTER'S NO. 2589
No. 2045 Session of 1979
INTRODUCED BY McCLATCHY, DECEMBER 3, 1979
REFERRED TO COMMITTEE ON APPROPRIATIONS, DECEMBER 3, 1979
A SUPPLEMENT
1 To the act of (P.L. , No.), entitled "An act providing
2 for the capital budget for the fiscal year 1979-1980,"
3 itemizing a public improvement project, to be constructed by
4 the Department of General Services together with its
5 estimated financial cost; authorizing the incurring of debt
6 without the approval of the electors for the purpose of
7 financing the project to be constructed by the Department of
8 General Services, stating the estimated useful life of the
9 project and making an appropriation.
10 The General Assembly of the Commonwealth of Pennsylvania
11 hereby enacts as follows:
12 Section 1. Itemization and Authorization of Project.--An
13 additional capital project in the category of public improvement
14 projects to be constructed by the Department of General
15 Services, its successors or assigns, and to be financed by the
16 incurring of debt, is hereby itemized, together with the
17 respective estimated financial cost and the total additional
18 amount authorized for the public improvement project as follows:
19 A. Total Authorization.......................... $8,034,000
20 B. Itemization of Public Improvement Project:
21 I. Department of Education.................... $8,034,000
1 (1) Particulate Emission Control System -
2 Boiler Plant: The Pennsylvania State
3 University............................ $8,034,000
4 (Base Construction Authorization
5 $6,695,000)
6 Section 2. Debt Authorization.--The Governor, Auditor
7 General and State Treasurer are hereby authorized and directed
8 to borrow, from time to time, in addition to any authorization
9 heretofore or hereafter enacted, on the credit of the
10 Commonwealth, subject to the limitations provided in the current
11 capital budget, money not exceeding in the aggregate the sum of
12 $8,034,000 as may be found necessary to carry out the
13 construction of the public improvement project specifically
14 itemized in a capital budget.
15 Section 3. Issue of Bonds.--The indebtedness herein
16 authorized shall be incurred from time to time and shall be
17 evidenced by one or more series of general obligation bonds of
18 the Commonwealth in such aggregate principal amount for each
19 series as the Governor, Auditor General and State Treasurer
20 shall determine, but the latest stated maturity date shall not
21 exceed 30 years from the date of the bond first issued for each
22 such series.
23 Section 4. Estimated Useful Life of Project.--The General
24 Assembly states the estimated useful life of the public
25 improvement project heretofore itemized is not less than 30
26 years from the date of completion thereof, which period is
27 hereby stated to be the maximum term of the debt to be incurred.
28 Section 5. Appropriation.--The net proceeds of the sale of
29 the obligations herein authorized is hereby appropriated from
30 the Capital Facilities Fund to the Department of General
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1 Services in the maximum amount of $8,034,000 to be used by it
2 exclusively to defray the financial cost of the public
3 improvement project specifically itemized in a capital budget.
4 After reserving or paying the expenses of the sale of the
5 obligation, the State Treasurer shall pay out to the Department
6 of General Services the moneys as required and certified by it
7 to be legally due and payable.
8 Section 6. Allocation of Funds.--Whenever as determined by
9 the Department of General Services the full estimated financial
10 cost of the public improvement project itemized in section 1
11 hereof is not necessary for the proper design or construction of
12 the project, the excess funds no longer required may be
13 allocated to increase the estimated cost of any one or more of
14 the public improvement projects specifically itemized in a
15 capital budget.
16 Section 7. Effective Date.--This act shall take effect
17 immediately.
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