SENATE AMENDED
PRIOR PRINTER'S NOS. 856, 2389 PRINTER'S NO. 2569
No. 823 Session of 2005
INTRODUCED BY FEESE, MARCH 14, 2005
SENATOR THOMPSON, APPROPRIATIONS, IN SENATE, RE-REPORTED AS
AMENDED, JULY 5, 2005
AN ACT
1 Providing for the capital budget for the fiscal year 2005-2006, <--
2 ITEMIZING PUBLIC HIGHWAY PROJECTS TO BE CONSTRUCTED OR
3 ACQUIRED BY THE DEPARTMENT OF TRANSPORTATION, TOGETHER WITH
4 THEIR ESTIMATED FINANCIAL COSTS; AUTHORIZING THE INCURRING OF
5 DEBT WITHOUT THE APPROVAL OF THE ELECTORS FOR THE PURPOSE OF
6 FINANCING THE PROJECTS TO BE CONSTRUCTED OR ACQUIRED BY THE
7 DEPARTMENT OF TRANSPORTATION; STATING THE ESTIMATED USEFUL
8 LIFE OF THE PROJECTS; AND MAKING APPROPRIATIONS.
9 The General Assembly of the Commonwealth of Pennsylvania
10 hereby enacts as follows:
11 Section 1. Short title and construction.
12 (a) Short title.--This act shall be known and may be cited
13 as the Capital Budget AUTHORIZATION AND HIGHWAY PROJECT <--
14 ITEMIZATION Act of 2005-2006.
15 (b) Supplements.--A reference to this act shall be deemed to
16 include a reference to the supplements to this act.
17 (c) Capital Facilities Debt Enabling Act.--The provisions
18 and definitions of Chapter 3 of the act of February 9, 1999
19 (P.L.1, No.1), known as The Capital Facilities Debt Enabling
1 Act, shall apply to this act to the extent they are not
2 inconsistent with this act.
3 Section 2. Overall limitations on debt to be incurred for
4 capital projects.
5 The maximum principal amount of additional debt to be
6 incurred during the 2005-2006 fiscal year, and thereafter until
7 the enactment of the 2006-2007 capital budget specifying the
8 maximum debt for the 2006-2007 fiscal year, for capital projects
9 specifically itemized in a capital budget pursuant to section
10 7(a)(4) of Article VIII of the Constitution of Pennsylvania, and
11 the fund to be charged with the repayment of such debt, shall,
12 with respect to each category of capital projects, be as
13 follows:
14 Category Amount Fund
15 (1) Public Improvement
16 Projects:
17 (i) Buildings and General Fund or
18 Structures $355,000,000 Special Fund as
19 applicable
20 (2) Transportation
21 Assistance Projects 150,000,000 General Fund
22 (3) Redevelopment
23 Assistance Projects 165,000,000 General Fund
24 (4) Flood Control
25 Projects 22,000,000 General Fund
26 Total $692,000,000
27 SECTION 3. TOTAL AUTHORIZATION. <--
28 THE TOTAL AUTHORIZATION FOR THE CAPITAL PROJECTS IN THE
29 CATEGORY OF HIGHWAY PROJECTS ITEMIZED IN SECTION 4 AND TO BE
30 CONSTRUCTED BY THE DEPARTMENT OF TRANSPORTATION, ITS SUCCESSORS
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1 OR ASSIGNS, AND TO BE FINANCED BY THE INCURRING OF DEBT, OR FROM
2 CURRENT REVENUES OF THE MOTOR LICENSE FUND, SHALL BE $3,433,000.
3 SECTION 4. ITEMIZATION OF PUBLIC HIGHWAY PROJECTS.
4 ADDITIONAL CAPITAL PROJECTS IN THE CATEGORY OF PUBLIC HIGHWAY
5 PROJECTS TO BE CONSTRUCTED BY THE DEPARTMENT OF TRANSPORTATION,
6 ITS SUCCESSORS OR ASSIGNS, AND TO BE FINANCED BY THE INCURRING
7 OF DEBT, OR FROM CURRENT REVENUES OF THE MOTOR LICENSE FUND, ARE
8 HEREBY ITEMIZED, TOGETHER WITH THEIR RESPECTIVE ESTIMATED
9 FINANCIAL COSTS, AS FOLLOWS:
10 TOTAL
11 PROJECT PROJECT
12 ALLOCATION
13 (1) LAWRENCE COUNTY
14 (I) OLD BUTLER ROAD BRIDGE, SHENANGO TOWNSHIP
15 (A) REPLACEMENT OF THE OLD BUTLER ROAD (T-
16 471) BRIDGE OVER BIG RUN 433,000
17 (2) MONROE COUNTY
18 (I) I-80
19 (A) FOR RECONFIGURATION OF INTERSECTIONS
20 AND RAMPS AT SR 611, SR 33 AND I-80,
21 INCLUDING DESIGN AND ACQUISITION OF
22 RIGHTS-OF-WAY AND CONSTRUCTION 3,000,000
23 SECTION 5. DEBT AUTHORIZATION.
24 THE GOVERNOR, THE AUDITOR GENERAL AND THE STATE TREASURER ARE
25 HEREBY AUTHORIZED AND DIRECTED TO BORROW, FROM TIME TO TIME, IN
26 ADDITION TO ANY AUTHORIZATION HERETOFORE OR HEREAFTER ENACTED,
27 ON THE CREDIT OF THE COMMONWEALTH, SUBJECT TO THE LIMITATIONS
28 PROVIDED IN THE CURRENT CAPITAL BUDGET, MONEY NOT EXCEEDING IN
29 THE AGGREGATE THE SUM OF $3,433,000 AS MAY BE FOUND NECESSARY TO
30 CARRY OUT THE ACQUISITION AND CONSTRUCTION OF THE HIGHWAY
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1 PROJECTS SPECIFICALLY ITEMIZED IN SECTION 4 OF THIS CAPITAL
2 BUDGET.
3 SECTION 6. ISSUE OF BONDS.
4 THE INDEBTEDNESS AUTHORIZED IN THIS ACT SHALL BE INCURRED,
5 FROM TIME TO TIME, AND SHALL BE EVIDENCED BY ONE OR MORE SERIES
6 OF GENERAL OBLIGATION BONDS OF THE COMMONWEALTH IN SUCH
7 AGGREGATE PRINCIPAL AMOUNT FOR EACH SERIES AS THE GOVERNOR, THE
8 AUDITOR GENERAL AND THE STATE TREASURER SHALL DETERMINE, BUT THE
9 LATEST STATED MATURITY DATE SHALL NOT EXCEED THE ESTIMATED
10 USEFUL LIFE OF THE PROJECTS BEING FINANCED AS STATED IN SECTION
11 7.
12 SECTION 7. ESTIMATED USEFUL LIFE AND TERM OF DEBT.
13 (A) ESTIMATE USEFUL LIFE.--THE GENERAL ASSEMBLY STATES THAT
14 THE ESTIMATED USEFUL LIFE OF THE PUBLIC HIGHWAY PROJECTS
15 ITEMIZED IN THIS ACT IS 30 YEARS.
16 (B) TERM OF DEBT.--THE MAXIMUM TERM OF THE DEBT AUTHORIZED
17 TO BE INCURRED UNDER THIS ACT IS 30 YEARS.
18 SECTION 8. APPROPRIATIONS.
19 THE NET PROCEEDS OF THE SALE OF THE OBLIGATIONS HEREIN
20 AUTHORIZED ARE HEREBY APPROPRIATED FROM THE CAPITAL FACILITIES
21 FUND TO THE DEPARTMENT OF TRANSPORTATION IN THE MAXIMUM AMOUNT
22 OF $3,433,000 TO BE USED BY IT EXCLUSIVELY TO DEFRAY THE
23 FINANCIAL COSTS OF THE PROJECTS SPECIFICALLY ITEMIZED IN SECTION
24 4 OF THIS CAPITAL BUDGET. AFTER RESERVING OR PAYING THE EXPENSES
25 OF THE SALE OF THE OBLIGATION, THE STATE TREASURER SHALL PAY OUT
26 TO THE DEPARTMENT OF TRANSPORTATION THE MONEYS AS REQUIRED AND
27 CERTIFIED BY IT TO BE LEGALLY DUE AND PAYABLE.
28 SECTION 9. FEDERAL FUNDS.
29 IN ADDITION TO THOSE FUNDS APPROPRIATE IN SECTION 8, ALL
30 MONEYS RECEIVED FROM THE FEDERAL GOVERNMENT FOR THE PROJECTS
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1 SPECIFICALLY ITEMIZED IN THIS ACT ARE ALSO HEREBY APPROPRIATED
2 FOR THOSE PROJECTS.
3 Section 3 10. Effective date. <--
4 This act shall take effect July 1, 2005, or immediately,
5 whichever is later.
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