PRINTER'S NO. 56
No. 46 Session of 1997
INTRODUCED BY LLOYD, JANUARY 28, 1997
REFERRED TO COMMITTEE ON APPROPRIATIONS, JANUARY 28, 1997
AN ACT
1 Providing for the capital budget for the fiscal year 1997-1998;
2 itemizing public improvement projects and furniture and
3 equipment projects to be constructed, acquired or assisted by
4 the Department of General Services, together with their
5 estimated financial costs; incurring of debt without the
6 approval of the electors for the purpose of financing the
7 projects to be constructed, acquired or assisted by the
8 Department of General Services; stating the useful life of
9 the projects; and making appropriations.
10 The General Assembly of the Commonwealth of Pennsylvania
11 hereby enacts as follows:
12 Section 1. Short title.
13 This act shall be known and may be cited as the Capital
14 Budget Act of 1997-1998.
15 Section 2. Total authorization.
16 (a) Public improvements.--The total authorization for the
17 additional capital projects in the category of public
18 improvement projects itemized in section 3 and to be constructed
19 or acquired by the Department of General Services, its
20 successors or assigns and to be financed by the incurring of
21 debt shall be $295,000.
1 (b) Furniture and equipment.--The total authorization for
2 the additional capital projects in the category of public
3 improvement projects consisting of the acquisition of original
4 movable furniture and equipment to complete public improvement
5 projects itemized in section 4 and to be acquired by the
6 Department of General Services, its successors or assigns and to
7 be financed by the incurring of debt shall be $142,000.
8 Section 3. Itemization of public improvement projects.
9 The additional capital projects in the category of public
10 improvement projects to be constructed or acquired by the
11 Department of General Services, its successors or assigns and to
12 be financed by the incurring of debt are hereby itemized,
13 together with estimated financial costs, as follows:
14 Total
15 Project
16 Project Allocation
17 (1) Pennsylvania Historical and Museum
18 Commission $295,000
19 (i) Somerset Historical Center
20 (A) Additional funds for DGS 990-2 for
21 construction of an addition to the
22 center and improvements for parking and
23 entrance area 145,000
24 (Base Project Allocation - $145,000)
25 (B) Additional funds for DGS 990-2 for
26 construction of fixed exhibits 150,000
27 (Base Project Allocation - $150,000)
28 Section 4. Itemization of furniture and equipment projects.
29 Additional capital projects in the category of public
30 improvement projects consisting of the acquisition of movable
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1 furniture and equipment to complete public improvement projects
2 and to be purchased by the Department of General Services, its
3 successors or assigns and to be financed by the incurring of
4 debt are hereby itemized, together with their respective
5 estimated financial costs, as follows:
6 Total
7 Project
8 Project Allocation
9 (1) Pennsylvania Historical and Museum
10 Commission $142,000
11 (i) Somerset Historical Center
12 (A) Original furniture and equipment for
13 expansion of the visitor center for DGS
14 990-2 142,000
15 (Base Project Allocation - $142,000)
16 Section 5. Debt authorization.
17 (a) Public improvements.--The Governor, Auditor General and
18 State Treasurer are hereby authorized and directed to borrow,
19 from time to time, in addition to any authorization heretofore
20 or hereafter enacted, on the credit of the Commonwealth, subject
21 to the limitations provided in the current capital budget, money
22 not exceeding in the aggregate the sum of $295,000 as may be
23 found necessary to carry out the acquisition and construction of
24 the public improvement projects specifically itemized in a
25 capital budget.
26 (b) Furniture and equipment.--The Governor, Auditor General
27 and State Treasurer are hereby authorized and directed to borrow
28 from time to time, in addition to any authorization heretofore
29 or hereafter enacted, on the credit of the Commonwealth, subject
30 to the limitations provided in the current capital budget, money
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1 not exceeding in the aggregate the sum of $142,000 as may be
2 found necessary to carry out the public improvement projects
3 consisting of the acquisition of original movable furniture and
4 equipment specifically itemized in a capital budget.
5 Section 6. Issue of bonds.
6 The indebtedness authorized in this act shall be incurred
7 from time to time and shall be evidenced by one or more series
8 of general obligation bonds of the Commonwealth in such
9 aggregate principal amount for each series as the Governor, the
10 Auditor General and the State Treasurer shall determine, but the
11 latest stated maturity date shall not exceed the estimated
12 useful life of the projects being financed as stated in section
13 7.
14 Section 7. Estimated useful life and term of debt.
15 (a) Estimated useful life.--The General Assembly states that
16 the estimated useful life of the public improvement projects
17 itemized in this act is as follows:
18 (1) Public improvement projects, 30 years.
19 (2) Furniture and equipment projects, 10 years.
20 (b) Term of debt.--The maximum term of the debt authorized
21 to be incurred under this act is 30 years.
22 Section 8. Appropriations.
23 (a) Public improvements.--The net proceeds of the sale of
24 the obligations authorized in this act are hereby appropriated
25 from the Capital Facilities Fund to the Department of General
26 Services in the maximum amount of $295,000 to be used by it
27 exclusively to defray the financial cost of the public
28 improvement projects specifically itemized in a capital budget.
29 After reserving or paying the expenses of the sale of the
30 obligation, the State Treasurer shall pay to the Department of
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1 General Services the moneys as required and certified by it to
2 be legally due and payable.
3 (b) Furniture and equipment.--The net proceeds of the sale
4 of the obligations authorized in this act are hereby
5 appropriated from the Capital Facilities Fund to the Department
6 of General Services in the maximum amount of $142,000 to be used
7 by it exclusively to defray the financial cost of the public
8 improvement projects consisting of the acquisition of original
9 movable furniture and equipment specifically itemized in a
10 capital budget. After reserving or paying the expenses of the
11 sale of the obligation, the State Treasurer shall pay to the
12 Department of General Services the moneys as required and
13 certified by it to be legally due and payable.
14 Section 9. Federal funds.
15 In addition to those funds appropriated in section 8, all
16 moneys received from the Federal Government for the projects
17 specifically itemized in this act are also hereby appropriated
18 for those projects.
19 Section 10. Editorial changes.
20 In editing and preparing this act for printing following the
21 final enactment, the Legislative Reference Bureau shall insert
22 or revise letters or numbers for projects where the letters or
23 numbers are missing or require revision. The Legislative
24 Reference Bureau shall also revise the total monetary amounts
25 for the total authorization, debt authorization, appropriations
26 and departmental totals as necessary to agree with the total
27 monetary amounts of the projects.
28 Section 11. Effective date.
29 This act shall take effect immediately.
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