HOUSE AMENDED
PRIOR PRINTER'S NOS. 1907, 2148 PRINTER'S NO. 2185
No. 1496 Session of 1996
INTRODUCED BY TILGHMAN, APRIL 9, 1996
AS AMENDED ON THIRD CONSIDERATION, HOUSE OF REPRESENTATIVES,
JUNE 24, 1996
AN ACT
1 Providing for the capital budget for the fiscal year 1996-1997.
2 The General Assembly of the Commonwealth of Pennsylvania
3 hereby enacts as follows:
4 Section 1. Short title and construction.
5 (a) Short title.--This act shall be known and may be cited
6 as the Capital Budget Act of 1996-1997.
7 (b) Supplements.--A reference to this act shall be deemed to
8 include a reference to the supplements to this act.
9 (c) Fiscal Code.--The provisions and definitions of Article
10 XVI-B of the act of April 9, 1929 (P.L.343, No.176), known as
11 The Fiscal Code, shall apply to this act to the extent they are
12 not inconsistent with this act.
13 Section 2. Overall limitations on debt to be incurred for
14 capital projects.
15 The maximum principal amount of additional debt to be
16 incurred during the 1996-1997 fiscal year, and thereafter until
1 the enactment of the 1997-1998 capital budget specifying the
2 maximum debt for the 1997-1998 fiscal year, for capital projects
3 specifically itemized in a capital budget pursuant to section
4 7(a)(4) of Article VIII of the Constitution of Pennsylvania, and
5 the fund to be charged with the repayment of such debt, shall,
6 with respect to each category of capital projects, be as
7 follows:
8 Category Amount Fund
9 (1) Public Improvement
10 Projects:
11 (i) Buildings and General Fund or
12 Structures $170,000,000 Special Fund as
13 (ii) Furniture and applicable
14 Equipment 19,000,000
15 (2) Transportation
16 Assistance Projects 100,000,000 General Fund <--
17 ASSISTANCE PROJECTS 140,000,000 GENERAL FUND <--
18 (3) Redevelopment
19 Assistance Projects 90,000,000 General Fund
20 (4) Flood Control
21 Projects 13,000,000 General Fund
22 Total $392,000,000 <--
23 (5) HIGHWAY <--
24 PROJECTS 85,000,000 MOTOR LICENSE
25 FUND
26 TOTAL $517,000,000
27 SECTION 3. BOND SERVICES. <--
28 (A) GENERAL RULE.--ANY AND ALL BOND SERVICE REQUIRED BY THIS
29 ACT WHICH CANNOT BE PERFORMED BY EMPLOYEES OF THIS COMMONWEALTH
30 SHALL BE CONTRACTED WITH AND PERFORMED BY THE BOND SERVICE
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1 PROVIDER SUBMITTING THE LOWEST RESPONSIBLE BID. FOR EACH BOND
2 SERVICE REQUIRED BY THIS ACT, THE ISSUING AUTHORITY SHALL
3 DISTRIBUTE A REQUEST FOR PROPOSAL REQUIRING A WRITTEN RESPONSE.
4 AFTER EACH BOND SERVICE PROVIDER IS SELECTED, THE ISSUING
5 AUTHORITY SHALL ISSUE A WRITTEN REPORT OF THE SELECTION OF THE
6 SERVICE PROVIDER AND THE BASIS THEREFOR. A COPY OF THE REQUEST
7 FOR PROPOSAL AND THE RESPONSES THERETO SHALL BE MADE A PART OF
8 THE REPORT. THIS REPORT SHALL BE MADE AVAILABLE TO THE PUBLIC.
9 (B) DEFINITIONS.--AS USED IN THIS SECTION, THE FOLLOWING
10 WORDS AND PHRASES SHALL HAVE THE MEANINGS GIVEN TO THEM IN THIS
11 SUBSECTION:
12 "BOND SERVICES." LEGAL, FINANCIAL AND OTHER SERVICES
13 RENDERED IN CONJUNCTION WITH ANY BONDS ISSUED PURSUANT TO THIS
14 ACT.
15 "BOND SERVICE PROVIDER." ANY BOND COUNSEL, FINANCIAL
16 ADVISER, UNDERWRITER, LOAN AND TRANSFER AGENT, VERIFICATION
17 AGENT OR PRINTER WHO PROVIDES BOND SERVICES PURSUANT TO THIS
18 ACT.
19 Section 3 4. Effective date. <--
20 This act shall take effect July 1, 1996, or immediately,
21 whichever is later.
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