PRIOR PRINTER'S NOS. 2340, 2401 PRINTER'S NO. 2452
No. 1802 Session of 2005
INTRODUCED BY FEESE, JUNE 27, 2005
AS AMENDED ON THIRD CONSIDERATION, HOUSE OF REPRESENTATIVES,
JUNE 30, 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 PROJECTS TO BE FINANCED FROM THE PROCEEDS OF OBLIGATIONS OF <--
6 THE COMMONWEALTH. [EXCEPT WHERE SUCH ITEMIZATION IS]
7 (2) Paragraph (1) does not apply if the itemization is:
8 (i) contained in or approved by prior legislation
9 referred to in the capital budget bill [or except where
10 such itemization is]; or
11 (ii) included in one or more supplemental capital
12 budget bills.
13 (3) Projects must be listed in separate categories as
14 well as according to the fund to be charged with the
15 repayment of the obligations to be incurred.
16 (4) The capital budget bill must state the maximum
17 amount of such obligations which may be incurred in the
18 ensuing fiscal year to provide funds for and towards the
19 financial costs of each category of capital projects, which
20 shall be by the issue of general obligations of the
21 Commonwealth.
22 * * *
23 Section 2. Section 317(b) of the act, amended July 4, 2004
24 (P.L.516, No.67), is amended to read:
25 Section 317. Appropriation for and limitation on redevelopment
26 assistance capital projects.
27 * * *
28 (b) Limitation.--The maximum amount of redevelopment
29 assistance capital projects undertaken by the Commonwealth for
30 which obligations are outstanding shall not exceed, in
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1 aggregate, [$2,150,000,000] $2,650,000,000.
2 Section 3. This act shall take effect immediately.
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