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


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

  

 

    

PRINTER'S NO.  2074

  

THE GENERAL ASSEMBLY OF PENNSYLVANIA

  

SENATE BILL

 

No.

1480

Session of

2012

  

  

INTRODUCED BY CORMAN, MARCH 30, 2012

  

  

REFERRED TO APPROPRIATIONS, MARCH 30, 2012  

  

  

  

AN ACT

  

1

Providing for the capital budget for the fiscal year 2012-2013.

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The General Assembly of the Commonwealth of Pennsylvania

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hereby enacts as follows:

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Section 1.  Short title.

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This act shall be known and may be cited as the Capital

6

Budget Act of 2012-2013.

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Section 2.  Overall limitations on debt to be incurred for

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capital projects.

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The maximum principal amount of additional debt to be

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incurred during the 2012-2013 fiscal year, and thereafter until

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the enactment of the 2013-2014 capital budget specifying the

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maximum debt for the 2013-2014 fiscal year, for capital projects

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specifically itemized in a capital budget pursuant to section

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7(a)(4) of Article VIII of the Constitution of Pennsylvania, and

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the fund to be charged with the repayment of such debt, shall,

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with respect to each category of capital projects, be as

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follows:

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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

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TOTAL

$1,675,000,000

  

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Section 3.  Effective date.

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This act shall take effect July 1, 2012, or immediately,

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whichever is later.

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