act-2024-0-95•Pennsylvania Act 2024-95 — CAPITAL BUDGET ACT OF 2024-2025 - ENACTMENT
Pennsylvania Act 2024-95 — CAPITAL BUDGET ACT OF 2024-2025 - ENACTMENT
act-2024-0-952024 Pa. Act 95Law
Act text
| CAPITAL BUDGET ACT OF 2024-2025 - ENACTMENT | ||
|---|---|---|
| Act of Oct. 2, 2024, P.L. 976, No. 95 | Cl. 86 |
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 |
|---|---|---|
| (1) Public Improvement Projects: | ||
| (i) Buildings and structures | $900,000,000 | 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 | $1,395,000,000 |
Section 3. Effective date.
This act shall take effect immediately.
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