PRIOR PRINTER'S NO. 2340 PRINTER'S NO. 2401
No. 1802 Session of 2005
INTRODUCED BY FEESE, JUNE 27, 2005
AS RE-REPORTED FROM COMMITTEE ON APPROPRIATIONS, HOUSE OF
REPRESENTATIVES, AS AMENDED, JUNE 29, 2005
AN ACT
1 Amending the act of February 9, 1999 (P.L.1, No.1), entitled "An
2 act providing for borrowing for capital facilities;
3 conferring powers and duties on various administrative
4 agencies and officers; making appropriations; and making
5 repeals," further providing for procedures for capital budget
6 bill and debt-authorizing legislation AND FOR APPROPRIATION <--
7 FOR AND LIMITATION ON REDEVELOPMENT ASSISTANCE CAPITAL
8 PROJECTS.
9 The General Assembly of the Commonwealth of Pennsylvania
10 hereby enacts as follows:
11 Section 1. Section 303(b) of the act of February 9, 1999
12 (P.L.1, No.1), known as the Capital Facilities Debt Enabling
13 Act, is amended to read:
14 Section 303. Procedures for capital budget bill and debt-
15 authorizing legislation.
16 * * *
17 (b) Itemization.--[The]
18 (1) Except as set forth in paragraph (2), the capital
19 budget bill must specifically itemize, by brief identifying
20 description and estimated financial cost, the capital
1 projects to be financed from:
2 (i) the proceeds of obligations of the Commonwealth
3 [except where such itemization is]; or
4 (ii) current revenues.
5 (2) Paragraph (1) does not apply if the itemization is:
6 (i) contained in or approved by prior legislation
7 referred to in the capital budget bill [or except where
8 such itemization is]; or
9 (ii) included in one or more supplemental capital
10 budget bills.
11 (3) Projects must be listed in separate categories as
12 well as according to the fund to be charged with the
13 repayment of the obligations to be incurred.
14 (4) The capital budget bill must state the maximum
15 amount of such obligations which may be incurred in the
16 ensuing fiscal year to provide funds for and towards the
17 financial costs of each category of capital projects, which
18 shall be by the issue of general obligations of the
19 Commonwealth.
20 * * *
21 SECTION 2. SECTION 317(B) OF THE ACT, AMENDED JULY 4, 2004 <--
22 (P.L.516, NO.67), IS AMENDED TO READ:
23 SECTION 317. APPROPRIATION FOR AND LIMITATION ON REDEVELOPMENT
24 ASSISTANCE CAPITAL PROJECTS.
25 * * *
26 (B) LIMITATION.--THE MAXIMUM AMOUNT OF REDEVELOPMENT
27 ASSISTANCE CAPITAL PROJECTS UNDERTAKEN BY THE COMMONWEALTH FOR
28 WHICH OBLIGATIONS ARE OUTSTANDING SHALL NOT EXCEED, IN
29 AGGREGATE, [$2,150,000,000] $2,650,000,000.
30 Section 2 3. This act shall take effect immediately. <--
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