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.
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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
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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.
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