PRINTER'S NO. 3077
No. 2354 Session of 1998
INTRODUCED BY BARLEY, MARCH 11, 1998
REFERRED TO COMMITTEE ON APPROPRIATIONS, MARCH 11, 1998
AN ACT 1 Providing for the capital budget for the fiscal year 1998-1999. 2 The General Assembly of the Commonwealth of Pennsylvania 3 hereby enacts as follows: 4 Section 1. Short title and construction. 5 (a) Short title.--This act shall be known and may be cited 6 as the Capital Budget Act of 1998-1999. 7 (b) Supplements.--A reference to this act shall be deemed to 8 include a reference to the supplements to this act. 9 (c) Fiscal Code.--The provisions and definitions of Article 10 XVI-B of the act of April 9, 1929 (P.L.343, No.176), known as 11 The Fiscal Code, shall apply to this act to the extent they are 12 not inconsistent with this act. 13 Section 2. Overall limitations on debt to be incurred for 14 capital projects. 15 The maximum principal amount of additional debt to be 16 incurred during the 1998-1999 fiscal year, and thereafter until 17 the enactment of the 1999-2000 capital budget specifying the
1 maximum debt for the 1999-2000 fiscal year, for capital projects 2 specifically itemized in a capital budget pursuant to section 3 7(a)(4) of Article VIII of the Constitution of Pennsylvania, and 4 the fund to be charged with the repayment of such debt, shall, 5 with respect to each category of capital projects, be as 6 follows: 7 Category Amount Fund 8 (1) Public Improvement 9 Projects: 10 (i) Buildings and General Fund or 11 Structures $400,000,000 Special Fund as 12 (ii) Furniture and applicable 13 Equipment 6,000,000 14 (2) Transportation 15 Assistance Projects 150,000,000 General Fund 16 (3) Redevelopment 17 Assistance Projects 70,000,000 General Fund 18 (4) Flood Control 19 Projects 12,000,000 General Fund 20 Total $638,000,000 21 Section 3. Effective date. 22 This act shall take effect July 1, 1998, or immediately, 23 whichever is later. B13L72RZ/19980H2354B3077 - 2 -