Pennsylvania Act 2020-25 — CAPITAL BUDGET ACT OF 2019-2020 - ENACTMENT

Act text

An Act

Providing for the capital budget for the fiscal year 2019-2020 and for limitation on redevelopment assistance capital projects; and making a related 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 2019-2020.

Section 2. Overall limitations on debt to be incurred for capital projects.

The maximum principal amount of additional debt to be incurred during the 2019-2020 fiscal year, and thereafter until the enactment of the 2020-2021 capital budget specifying the maximum debt for the 2020-2021 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:

Section 2.1. Limitation on redevelopment assistance capital projects.--(2.1 repealed Nov. 19, 2025, P.L.305, No.48)

Section 2.2. Repeals are as follows:

(1) The General Assembly declares that the repeal under paragraph (2) is necessary to effectuate the addition of section 2.1.

(2) Section 317(b) of the act of February 9, 1999 (P.L.1, No.1), known as the Capital Facilities Debt Enabling Act, is repealed.

Section 3. Effective date.

This act shall take effect July 1, 2020, or immediately, whichever is later.