PRINTER'S NO. 1394
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
1072
Session of
2024
INTRODUCED BY HUGHES, FEBRUARY 23, 2024
REFERRED TO APPROPRIATIONS, FEBRUARY 23, 2024
AN ACT
Providing for the capital budget for fiscal year 2024-2025.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Short title.
This act shall be known and may be cited as the Capital
Budget Act of 2024-2025.
Section 2. Overall limitations on debt to be incurred for
capital projects.
The maximum principal amount of additional debt to be
incurred during the 2024-2025 fiscal year, and thereafter until
the enactment of the 2025-2026 capital budget specifying the
maximum debt for the 2025-2026 fiscal year, for capital projects
specifically itemized in a capital budget pursuant to section
7(a)(4) of Article VIII of the Constitution of Pennsylvania, and
the fund to be charged with the repayment of such debt, shall,
with respect to each category of capital projects, be as
follows:
Category Amount Fund
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(1) Public Improvement
Projects:
(i) Buildings and
structures $1,000,000,000
General Fund or
Special Fund as
applicable
(2) Furniture and
equipment
20,000,000
General Fund or
Special Fund as
applicable
(3) Transportation
assistance projects
175,000,000
General Fund
(4) Redevelopment
assistance projects
300,000,000
General Fund
(5) Flood control
projects
0
General Fund
Total $1,495,000,000
Section 3. Effective date.
This act shall take effect July 1, 2024, or immediately,
whichever is later.
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