Pennsylvania Act 1990-65 — CAPITAL BUDGET - AMEND INTERSTATE HIGHWAY DEBT AUTHORIZATION

Act text

CAPITAL BUDGET - AMEND INTERSTATE HIGHWAY DEBT AUTHORIZATION
                  Act of Jun. 30, 1990, P.L. 271, No. 65              Cl. 86
                             Session of 1990
                               No. 1990-65

                                  AN ACT

     HB 2492

     Amending the act of July 11, 1985 (P.L.209, No.54), entitled "An
        act authorizing the incurring of debt for the purpose of
        financing the Federal share of construction of interstate
        highways," further providing for the power to incur debt.

        The General Assembly of the Commonwealth of Pennsylvania
     hereby enacts as follows:

        Section 1.  Section 1(d)(2) of the act of July 11, 1985
     (P.L.209, No.54), entitled "An act authorizing the incurring of
     debt for the purpose of financing the Federal share of
     construction of interstate highways," amended July 10, 1987
     (P.L.293, No.51), is amended to read:
      Section 1.  Authorization to borrow funds for interstate
                        highway system.
        * * *
        (d)  Authority to incur debt.--
            * * *
            (2)  Subject to the overall debt limitation in subsection
        (a), the annual amount of debt authorization for each of the
        fiscal years 1986-1987, 1987-1988, 1988-1989 [and], 1989-1990
        and 1990-1991 shall be fixed in the Capital Budget Act
        enacted for the specific fiscal year. The annual amount of
        authority to incur debt shall be fixed in legislation which
        specifically itemizes the construction of interstate highway
        system projects in a capital budget pursuant to section
        7(a)(4) of Article VIII of the Constitution of Pennsylvania
        and specifically requires repayment from the Motor License
        Fund.
        * * *
        Section 2.  This act shall take effect immediately.

     APPROVED--The 30th day of June, A. D. 1990.

     ROBERT P. CASEY