A05172
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
2328
Session of
2024
INTRODUCED BY HARRIS, APRIL 10, 2024
AS REPORTED FROM COMMITTEE ON APPROPRIATIONS, HOUSE OF
REPRESENTATIVES, AS AMENDED, JUNE 25, 2024
AN ACT
Providing for the capital budget for fiscal year 2024-2025; AND
MAKING A REPEAL.
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:
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Category Amount Fund
(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. Limitation on redevelopment assistance capital
projects.
The maximum amount of redevelopment assistance capital
projects undertaken by the Commonwealth for which obligations
are outstanding shall not exceed, in the aggregate,
$3,100,000,000.
SECTION 3 4. REPEALS.
REPEALS ARE AS FOLLOWS:
(1) THE GENERAL ASSEMBLY FINDS AND DECLARES THAT THE
REPEAL UNDER PARAGRAPH (2) IS NECESSARY TO EFFECTUATE THIS
ACT.
(2) SECTION 2.1(2) OF THE ACT OF MAY 29, 2020 (P.L.205,
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NO.25), KNOWN AS THE CAPITAL BUDGET ACT OF 2019-2020, IS
REPEALED.
Section 3 4 5. Effective date.
This act shall take effect July 1, 2024, or immediately,
whichever is later.
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