PRINTER'S NO. 549
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
313
Session of
2023
INTRODUCED BY HUGHES, MARCH 28, 2023
REFERRED TO APPROPRIATIONS, MARCH 28, 2023
AN ACT
Providing for the capital budget for fiscal year 2023-2024.
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 2023-2024.
Section 2. Overall limitations on debt to be incurred for
capital projects.
The maximum principal amount of additional debt to be
incurred during the 2023-2024 fiscal year, and thereafter until
the enactment of the 2024-2025 capital budget specifying the
maximum debt for the 2024-2025 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:
Category Amount Fund
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(1) Public Improvement
Projects:
(i) Buildings and
structures $600,000,000
General Fund or
Special Fund as
applicable
(2) Furniture and
equipment
10,000,000
General Fund or
Special Fund as
applicable
(3) Transportation
assistance projects
350,000,000
General Fund
(4) Redevelopment
assistance projects
375,000,000
General Fund
(5) Flood control
projects
0
General Fund
Total $1,335,000,000
Section 3. Effective date.
This act shall take effect July 1, 2023, or immediately,
whichever is later.
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