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| THE GENERAL ASSEMBLY OF PENNSYLVANIA |
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| SENATE BILL |
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| INTRODUCED BY CORMAN, MARCH 30, 2012 |
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| REFERRED TO APPROPRIATIONS, MARCH 30, 2012 |
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| AN ACT |
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1 | Providing for the capital budget for the fiscal year 2012-2013. |
2 | The General Assembly of the Commonwealth of Pennsylvania |
3 | hereby enacts as follows: |
4 | Section 1. Short title. |
5 | This act shall be known and may be cited as the Capital |
6 | Budget Act of 2012-2013. |
7 | Section 2. Overall limitations on debt to be incurred for |
8 | capital projects. |
9 | The maximum principal amount of additional debt to be |
10 | incurred during the 2012-2013 fiscal year, and thereafter until |
11 | the enactment of the 2013-2014 capital budget specifying the |
12 | maximum debt for the 2013-2014 fiscal year, for capital projects |
13 | specifically itemized in a capital budget pursuant to section |
14 | 7(a)(4) of Article VIII of the Constitution of Pennsylvania, and |
15 | the fund to be charged with the repayment of such debt, shall, |
16 | with respect to each category of capital projects, be as |
17 | follows: |
18 | Category | Amount | Fund | | 1 2 | (1) Public Improvement Projects: | | | 3 4 5 | (i) Buildings and structures | $995,000,000 | General Fund or Special Fund as applicable | 6 7 8 | (2) Furniture and equipment | 40,000,000 | General Fund or Special Fund as applicable | 9 10 | (3) Transportation assistance projects | 210,000,000 | General Fund | 11 12 | (4) Redevelopment assistance projects | 345,000,000 | General Fund | 13 14 | (5) Bridge projects | 85,000,000 | General Fund or Motor License Fund | 15 | TOTAL | $1,675,000,000 | |
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16 | Section 3. Effective date. |
17 | This act shall take effect July 1, 2012, or immediately, |
18 | whichever is later. |
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