SENATE AMENDED PRIOR PRINTER'S NOS. 856, 2389 PRINTER'S NO. 2569
No. 823 Session of 2005
INTRODUCED BY FEESE, MARCH 14, 2005
SENATOR THOMPSON, APPROPRIATIONS, IN SENATE, RE-REPORTED AS AMENDED, JULY 5, 2005
AN ACT 1 Providing for the capital budget for the fiscal year 2005-2006, <-- 2 ITEMIZING PUBLIC HIGHWAY PROJECTS TO BE CONSTRUCTED OR 3 ACQUIRED BY THE DEPARTMENT OF TRANSPORTATION, TOGETHER WITH 4 THEIR ESTIMATED FINANCIAL COSTS; AUTHORIZING THE INCURRING OF 5 DEBT WITHOUT THE APPROVAL OF THE ELECTORS FOR THE PURPOSE OF 6 FINANCING THE PROJECTS TO BE CONSTRUCTED OR ACQUIRED BY THE 7 DEPARTMENT OF TRANSPORTATION; STATING THE ESTIMATED USEFUL 8 LIFE OF THE PROJECTS; AND MAKING APPROPRIATIONS. 9 The General Assembly of the Commonwealth of Pennsylvania 10 hereby enacts as follows: 11 Section 1. Short title and construction. 12 (a) Short title.--This act shall be known and may be cited 13 as the Capital Budget AUTHORIZATION AND HIGHWAY PROJECT <-- 14 ITEMIZATION Act of 2005-2006. 15 (b) Supplements.--A reference to this act shall be deemed to 16 include a reference to the supplements to this act. 17 (c) Capital Facilities Debt Enabling Act.--The provisions 18 and definitions of Chapter 3 of the act of February 9, 1999 19 (P.L.1, No.1), known as The Capital Facilities Debt Enabling
1 Act, shall apply to this act to the extent they are not 2 inconsistent with this act. 3 Section 2. Overall limitations on debt to be incurred for 4 capital projects. 5 The maximum principal amount of additional debt to be 6 incurred during the 2005-2006 fiscal year, and thereafter until 7 the enactment of the 2006-2007 capital budget specifying the 8 maximum debt for the 2006-2007 fiscal year, for capital projects 9 specifically itemized in a capital budget pursuant to section 10 7(a)(4) of Article VIII of the Constitution of Pennsylvania, and 11 the fund to be charged with the repayment of such debt, shall, 12 with respect to each category of capital projects, be as 13 follows: 14 Category Amount Fund 15 (1) Public Improvement 16 Projects: 17 (i) Buildings and General Fund or 18 Structures $355,000,000 Special Fund as 19 applicable 20 (2) Transportation 21 Assistance Projects 150,000,000 General Fund 22 (3) Redevelopment 23 Assistance Projects 165,000,000 General Fund 24 (4) Flood Control 25 Projects 22,000,000 General Fund 26 Total $692,000,000 27 SECTION 3. TOTAL AUTHORIZATION. <-- 28 THE TOTAL AUTHORIZATION FOR THE CAPITAL PROJECTS IN THE 29 CATEGORY OF HIGHWAY PROJECTS ITEMIZED IN SECTION 4 AND TO BE 30 CONSTRUCTED BY THE DEPARTMENT OF TRANSPORTATION, ITS SUCCESSORS 20050H0823B2569 - 2 -
1 OR ASSIGNS, AND TO BE FINANCED BY THE INCURRING OF DEBT, OR FROM 2 CURRENT REVENUES OF THE MOTOR LICENSE FUND, SHALL BE $3,433,000. 3 SECTION 4. ITEMIZATION OF PUBLIC HIGHWAY PROJECTS. 4 ADDITIONAL CAPITAL PROJECTS IN THE CATEGORY OF PUBLIC HIGHWAY 5 PROJECTS TO BE CONSTRUCTED BY THE DEPARTMENT OF TRANSPORTATION, 6 ITS SUCCESSORS OR ASSIGNS, AND TO BE FINANCED BY THE INCURRING 7 OF DEBT, OR FROM CURRENT REVENUES OF THE MOTOR LICENSE FUND, ARE 8 HEREBY ITEMIZED, TOGETHER WITH THEIR RESPECTIVE ESTIMATED 9 FINANCIAL COSTS, AS FOLLOWS: 10 TOTAL 11 PROJECT PROJECT 12 ALLOCATION 13 (1) LAWRENCE COUNTY 14 (I) OLD BUTLER ROAD BRIDGE, SHENANGO TOWNSHIP 15 (A) REPLACEMENT OF THE OLD BUTLER ROAD (T- 16 471) BRIDGE OVER BIG RUN 433,000 17 (2) MONROE COUNTY 18 (I) I-80 19 (A) FOR RECONFIGURATION OF INTERSECTIONS 20 AND RAMPS AT SR 611, SR 33 AND I-80, 21 INCLUDING DESIGN AND ACQUISITION OF 22 RIGHTS-OF-WAY AND CONSTRUCTION 3,000,000 23 SECTION 5. DEBT AUTHORIZATION. 24 THE GOVERNOR, THE AUDITOR GENERAL AND THE STATE TREASURER ARE 25 HEREBY AUTHORIZED AND DIRECTED TO BORROW, FROM TIME TO TIME, IN 26 ADDITION TO ANY AUTHORIZATION HERETOFORE OR HEREAFTER ENACTED, 27 ON THE CREDIT OF THE COMMONWEALTH, SUBJECT TO THE LIMITATIONS 28 PROVIDED IN THE CURRENT CAPITAL BUDGET, MONEY NOT EXCEEDING IN 29 THE AGGREGATE THE SUM OF $3,433,000 AS MAY BE FOUND NECESSARY TO 30 CARRY OUT THE ACQUISITION AND CONSTRUCTION OF THE HIGHWAY 20050H0823B2569 - 3 -
1 PROJECTS SPECIFICALLY ITEMIZED IN SECTION 4 OF THIS CAPITAL 2 BUDGET. 3 SECTION 6. ISSUE OF BONDS. 4 THE INDEBTEDNESS AUTHORIZED IN THIS ACT SHALL BE INCURRED, 5 FROM TIME TO TIME, AND SHALL BE EVIDENCED BY ONE OR MORE SERIES 6 OF GENERAL OBLIGATION BONDS OF THE COMMONWEALTH IN SUCH 7 AGGREGATE PRINCIPAL AMOUNT FOR EACH SERIES AS THE GOVERNOR, THE 8 AUDITOR GENERAL AND THE STATE TREASURER SHALL DETERMINE, BUT THE 9 LATEST STATED MATURITY DATE SHALL NOT EXCEED THE ESTIMATED 10 USEFUL LIFE OF THE PROJECTS BEING FINANCED AS STATED IN SECTION 11 7. 12 SECTION 7. ESTIMATED USEFUL LIFE AND TERM OF DEBT. 13 (A) ESTIMATE USEFUL LIFE.--THE GENERAL ASSEMBLY STATES THAT 14 THE ESTIMATED USEFUL LIFE OF THE PUBLIC HIGHWAY PROJECTS 15 ITEMIZED IN THIS ACT IS 30 YEARS. 16 (B) TERM OF DEBT.--THE MAXIMUM TERM OF THE DEBT AUTHORIZED 17 TO BE INCURRED UNDER THIS ACT IS 30 YEARS. 18 SECTION 8. APPROPRIATIONS. 19 THE NET PROCEEDS OF THE SALE OF THE OBLIGATIONS HEREIN 20 AUTHORIZED ARE HEREBY APPROPRIATED FROM THE CAPITAL FACILITIES 21 FUND TO THE DEPARTMENT OF TRANSPORTATION IN THE MAXIMUM AMOUNT 22 OF $3,433,000 TO BE USED BY IT EXCLUSIVELY TO DEFRAY THE 23 FINANCIAL COSTS OF THE PROJECTS SPECIFICALLY ITEMIZED IN SECTION 24 4 OF THIS CAPITAL BUDGET. AFTER RESERVING OR PAYING THE EXPENSES 25 OF THE SALE OF THE OBLIGATION, THE STATE TREASURER SHALL PAY OUT 26 TO THE DEPARTMENT OF TRANSPORTATION THE MONEYS AS REQUIRED AND 27 CERTIFIED BY IT TO BE LEGALLY DUE AND PAYABLE. 28 SECTION 9. FEDERAL FUNDS. 29 IN ADDITION TO THOSE FUNDS APPROPRIATE IN SECTION 8, ALL 30 MONEYS RECEIVED FROM THE FEDERAL GOVERNMENT FOR THE PROJECTS 20050H0823B2569 - 4 -
1 SPECIFICALLY ITEMIZED IN THIS ACT ARE ALSO HEREBY APPROPRIATED
2 FOR THOSE PROJECTS.
3 Section 3 10. Effective date. <--
4 This act shall take effect July 1, 2005, or immediately,
5 whichever is later.
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