(5) FLOOD CONTROL
PROJECTS 0 GENERAL FUND
TOTAL $1,010,000,000
Section 2.1. Limitation on redevelopment assistance capital
projects.
The following limitations shall apply to redevelopment
assistance capital projects:
(1) Subject to adjustment under paragraph (2) or (3),
the maximum amount of redevelopment assistance capital
projects undertaken by the Commonwealth for which obligations
are outstanding shall not exceed, in aggregate,
$3,350,000,000.
(2) Beginning July 1, 2018, and each July 1 thereafter
until the sum of the outstanding obligations for
redevelopment assistance capital projects equals
$3,150,000,000 or July 1, 2021, whichever occurs first, the
sum of the maximum amount of outstanding obligations for
redevelopment assistance projects shall be decreased by
$50,000,000.
(3) Beginning July 1, 2022, and each July 1 thereafter
until the sum of the outstanding obligations for
redevelopment assistance capital projects equals
$2,975,000,000, the sum of the maximum amount of outstanding
obligations for redevelopment assistance projects shall be
decreased by $50,000,000.
Section 2.2. Repeals are as follows:
(1) The General Assembly declares that the repeal under
paragraph (2) is necessary to effectuate the addition of
section 2.1.
(2) Section 317(b) of the act of February 9, 1999
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