AN ACT

 

1Amending the act of February 9, 1999 (P.L.1, No.1), entitled "An
2act providing for borrowing for capital facilities;
3conferring powers and duties on various administrative
4agencies and officers; making appropriations; and making
5repeals," further providing for appropriation for and 
6limitation on redevelopment assistance capital projects.

7The General Assembly of the Commonwealth of Pennsylvania
8hereby enacts as follows:

9Section 1. Section 317 of the act of February 9, 1999
10(P.L.1, No.1), known as the Capital Facilities Debt Enabling
11Act, amended October 25, 2013 (P.L.648, No.77), is amended to
12read:

13Section 317. Appropriation for and limitation on [redevelopment
14assistance] capital projects.

15(a) Appropriation.--The amount necessary to pay principal of

1and interest on all obligations issued to provide funds for
2redevelopment assistance capital projects shall be appropriated
3from the General Fund and shall be transferred to the Capital
4Debt Fund upon authorization by the Governor.

5(b) Limitation on redevelopment assistance capital project 
6obligations.--The maximum amount of redevelopment assistance 
7capital projects undertaken by the Commonwealth for which 
8obligations are outstanding shall not exceed, in aggregate, 
9$3,450,000,000.

10(b.1) Limitation on additional capital project releases.--
11Beginning July 1, 2015, and in each fiscal year thereafter, the
12following limitations on releasing additional capital projects
13for funding authorizations shall apply:

14(1) The maximum amount of additional flood control
15projects released for funding by the Commonwealth in a fiscal
16year shall not exceed $25,000,000.

17(2) The maximum amount of additional highway projects
18released for funding by the Commonwealth in a fiscal year
19shall not exceed $25,000,000.

20(3) The maximum amount of additional public improvement
21projects released for funding by the Commonwealth in a fiscal
22year shall not exceed $350,000,000.

23(4) The maximum amount of additional redevelopment
24assistance capital projects released for funding by the
25Commonwealth in a fiscal year shall not exceed $125,000,000.

26(5) The maximum amount of additional transportation
27assistance projects released for funding by the Commonwealth
28in a fiscal year shall not exceed $175,000,000.

29(b.2) Carry forward.--

30(1) Subject to the limitations in paragraph (2), in any
 

1fiscal year in which the projects released for funding under
2a paragraph under subsection (b.1) are less than the amount 
3authorized for release under that paragraph, the remaining 
4amount may be carried forward and added to the following 
5fiscal year limitation for projects released for funding 
6under that paragraph.

7(2) The amount carried forward under paragraph (1) may
8not exceed half of the total amount authorized to be released
9for funding in that project category for the previous fiscal
10year.

11(c) Housing units.--An amount not to exceed $50,000,000 of 
12the amount under subsection (b) may be used for the construction 
13of housing units.

14Section 2. This act shall take effect in 60 days.