Bill Text: PA SB1480 | 2011-2012 | Regular Session | Introduced

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Bill Title: Providing for the capital budget for the fiscal year 2012-2013.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2012-10-24 - Act No. 193 [SB1480 Detail]

Download: Pennsylvania-2011-SB1480-Introduced.html

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PRINTER'S NO. 2074
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No. 1480 Session of2012
INTRODUCED BY CORMAN, MARCH 30, 2012
REFERRED TO APPROPRIATIONS, MARCH 30, 2012
AN ACT
Providing for the capital budget for the fiscal year 2012-2013.
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 2012-2013.
Section 2. Overall limitations on debt to be incurred for
capital projects.
The maximum principal amount of additional debt to be
incurred during the 2012-2013 fiscal year, and thereafter until
the enactment of the 2013-2014 capital budget specifying the
maximum debt for the 2013-2014 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
(1) Public Improvement Projects:
(i) Buildings and structures $995,000,000 General Fund or Special Fund as applicable
(2) Furniture and equipment 40,000,000 General Fund or Special Fund as applicable
(3) Transportation assistance projects 210,000,000 General Fund
(4) Redevelopment assistance projects 345,000,000 General Fund
(5) Bridge projects 85,000,000 General Fund or Motor License Fund
TOTAL $1,675,000,000
Section 3. Effective date.
This act shall take effect July 1, 2012, or immediately,
whichever is later.
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