Pennsylvania Act 2013-69 — CAPITAL BUDGET ACT OF 2013-2014 - ENACTMENT

act-2013-0-692013 Pa. Act 69Law

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Act text
CAPITAL BUDGET ACT OF 2013-2014 - ENACTMENT
Act of Jul. 9, 2013, P.L. 570, No. 69Cl. 86

An Act

Providing for the capital budget for the fiscal year 2013-2014.

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 2013-2014.

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

The maximum principal amount of additional debt to be incurred during the 2013-2014 fiscal year, and thereafter until the enactment of the 2014-2015 capital budget specifying the maximum debt for the 2014-2015 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:

CategoryAmountFund
(1) Public Improvement Projects:
(i) Buildings and Structures$695,000,000General Fund or Special Fund as applicable
(2) Furniture and Equipment10,000,000General Fund or Special Fund as applicable
(3) Transportation Assistance Projects180,000,000General Fund
(4) Redevelopment Assistance Projects340,000,000General Fund
(5) Bridge Projects40,000,000General Fund or Motor License Fund
(6) Flood Control Projects10,000,000General Fund
Total$1,275,000,000

Section 3. Effective date.

This act shall take effect July 1, 2013, or immediately, whichever is later.

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