SENATE AMENDED
PRIOR PRINTER'S NO. 1476 PRINTER'S NO. 2034
No. 1290 Session of 1987
INTRODUCED BY PIEVSKY, MAY 4, 1987
AS AMENDED ON THIRD CONSIDERATION, IN SENATE, JULY 2, 1987
AN ACT
1 Making appropriations to the Department of General Services out <--
2 of various funds for payment of rental charges to The General
3 State Authority.
4 AMENDING THE ACT OF JULY 11, 1985 (P.L.209, NO.54), ENTITLED "AN <--
5 ACT AUTHORIZING THE INCURRING OF DEBT FOR THE PURPOSE OF
6 FINANCING THE FEDERAL SHARE OF CONSTRUCTION OF INTERSTATE
7 HIGHWAYS," INCREASING THE DEBT AUTHORIZATION AND
8 APPROPRIATION; AND FURTHER PROVIDING FOR THE POWER TO INCUR
9 DEBT.
10 The General Assembly of the Commonwealth of Pennsylvania
11 hereby enacts as follows:
12 Section 1. The following sums are hereby appropriated out of <--
13 the funds indicated to the Department of General Services for
14 the fiscal year July 1, 1987, to June 30, 1988, for payment of
15 rental charges to The General State Authority:
16 Out of the Fish Fund..................................$63,000
17 Out of the Boat Fund....................................2,000
18 Section 2. This act shall take effect July 1, 1987, or
19 immediately, whichever is later.
20 SECTION 1. SECTION 1 OF THE ACT OF JULY 11, 1985 (P.L.209, <--
1 NO.54), ENTITLED "AN ACT AUTHORIZING THE INCURRING OF DEBT FOR
2 THE PURPOSE OF FINANCING THE FEDERAL SHARE OF CONSTRUCTION OF
3 INTERSTATE HIGHWAYS," AMENDED JULY 9, 1986 (P.L.1211, NO.106),
4 IS AMENDED TO READ:
5 SECTION 1. AUTHORIZATION TO BORROW FUNDS FOR INTERSTATE HIGHWAY
6 SYSTEM.
7 (A) DEBT AUTHORIZATION.--THE GOVERNOR, AUDITOR GENERAL AND
8 STATE TREASURER ARE HEREBY AUTHORIZED AND DIRECTED TO BORROW,
9 FROM TIME TO TIME, IN ADDITION TO ANY AUTHORIZATION HERETOFORE
10 OR HEREAFTER ENACTED, ON THE CREDIT OF THE COMMONWEALTH, MONEY
11 NOT EXCEEDING IN THE AGGREGATE THE SUM OF [$350,000,000]
12 $421,000,000, AS MAY BE FOUND NECESSARY TO FINANCE THE FEDERAL
13 SHARE OF CONSTRUCTION OF INTERSTATE HIGHWAY SYSTEM PROJECTS AS
14 HERETOFORE SPECIFICALLY ITEMIZED IN A CAPITAL BUDGET. NOTES OR
15 REPLACEMENT NOTES SHALL BE EVIDENCED BY ONE OR MORE SERIES OF
16 OBLIGATIONS OF THE COMMONWEALTH AND MAY NOT EXCEED [THREE] FIVE
17 YEARS FROM THE DATE OF THE OBLIGATION FIRST ISSUED TO EVIDENCE
18 THE DEBT.
19 (B) APPROPRIATION.--THE NET PROCEEDS OF THE SALE OF THE
20 OBLIGATIONS AUTHORIZED IN SUBSECTION (A) ARE HEREBY APPROPRIATED
21 FROM THE CAPITAL FACILITIES FUND TO THE DEPARTMENT OF
22 TRANSPORTATION TO BE USED BY IT EXCLUSIVELY TO DEFRAY THE
23 FEDERAL SHARE OF THE COSTS OF CONSTRUCTION OF INTERSTATE HIGHWAY
24 SYSTEM PROJECTS AS HERETOFORE SPECIFICALLY ITEMIZED IN A CAPITAL
25 BUDGET. AFTER RESERVING OR PAYING THE EXPENSES OF THE SALE OF
26 THE OBLIGATIONS, THE STATE TREASURER SHALL PAY OUT TO THE
27 DEPARTMENT OF TRANSPORTATION THE MONEYS AS REQUIRED AND
28 CERTIFIED BY IT TO BE LEGALLY DUE AND PAYABLE.
29 (C) FEDERAL FUNDING.--THE SECRETARY OF TRANSPORTATION SHALL
30 CERTIFY THAT THE PROJECTS ARE ELIGIBLE FOR FUNDING UNDER 23
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1 U.S.C. § 115(6) (RELATING TO CONSTRUCTION BY STATES IN ADVANCE
2 OF APPORTIONMENT). SUCH FEDERAL FUNDS AS ARE NECESSARY TO REPAY
3 THE COSTS INCURRED IN BORROWING THE FEDERAL SHARE OF THE
4 PROJECTS ARE HEREBY APPROPRIATED. FEDERAL FUNDS RECEIVED UNDER
5 23 U.S.C § 115(6) ARE TO BE USED EXCLUSIVELY FOR THIS PROGRAM.
6 (D) AUTHORITY TO INCUR DEBT.--
7 (1) IN ADDITION TO THE AUTHORITY GRANTED IN THE CAPITAL
8 BUDGET ACT OF 1985-1986, AND SUBJECT TO THE PROVISIONS AND
9 DEFINITIONS OF ARTICLE XVI-B OF THE ACT OF APRIL 9, 1929
10 (P.L.343, NO.176), KNOWN AS THE FISCAL CODE, THE PRINCIPAL
11 AMOUNT OF ADDITIONAL DEBT TO BE INCURRED DURING THE 1985-1986
12 FISCAL YEAR IN THE CATEGORY OF HIGHWAY PROJECTS FOR CAPITAL
13 PROJECTS HERETOFORE SPECIFICALLY ITEMIZED IN A CAPITAL BUDGET
14 PURSUANT TO SECTION 7(A)(4) OF ARTICLE VIII OF THE
15 CONSTITUTION OF PENNSYLVANIA AND TO BE REPAID FROM THE MOTOR
16 LICENSE FUND SHOULD BE $29,500,000.
17 (2) SUBJECT TO THE OVERALL DEBT LIMITATION IN SUBSECTION
18 (A), THE ANNUAL AMOUNT OF DEBT AUTHORIZATION FOR EACH OF THE
19 FISCAL YEARS 1986-1987, 1987-1988 [AND], 1988-1989 AND 1989-
20 1990 SHALL BE FIXED IN THE CAPITAL BUDGET ACT ENACTED FOR THE
21 SPECIFIC FISCAL YEAR. THE ANNUAL AMOUNT OF AUTHORITY TO INCUR
22 DEBT SHALL BE FIXED IN LEGISLATION WHICH SPECIFICALLY
23 ITEMIZES THE CONSTRUCTION OF INTERSTATE HIGHWAY SYSTEM
24 PROJECTS IN A CAPITAL BUDGET PURSUANT TO SECTION 7(A)(4) OF
25 ARTICLE VIII OF THE CONSTITUTION OF PENNSYLVANIA AND
26 SPECIFICALLY REQUIRES REPAYMENT FROM THE MOTOR LICENSE FUND.
27 (E) APPROPRIATION FROM THE MOTOR LICENSE FUND.--FUNDS ARE
28 HEREBY APPROPRIATED FROM THE MOTOR LICENSE FUND TO MEET THE
29 REQUIREMENTS OF THIS ACT. THE GOVERNOR SHALL ISSUE EXECUTIVE
30 AUTHORIZATIONS AS REQUIRED TO PAY PROJECT, PRINCIPAL AND
19870H1290B2034 - 3 -
1 INTEREST COSTS.
2 SECTION 2. THIS ACT SHALL TAKE EFFECT IMMEDIATELY.
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