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Capital Budget Act - Debt

The document outlines the Capital Budget Act for the fiscal year 2025-2026 in Pennsylvania, detailing the maximum principal amount of debt to be incurred for various capital projects. It specifies funding allocations for public improvements, furniture and equipment, transportation assistance, redevelopment assistance, and flood control projects, totaling $1.57 billion. The act is set to take effect immediately upon enactment.

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7 views3 pages

Capital Budget Act - Debt

The document outlines the Capital Budget Act for the fiscal year 2025-2026 in Pennsylvania, detailing the maximum principal amount of debt to be incurred for various capital projects. It specifies funding allocations for public improvements, furniture and equipment, transportation assistance, redevelopment assistance, and flood control projects, totaling $1.57 billion. The act is set to take effect immediately upon enactment.

Uploaded by

giggity0411
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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LEGISLATIVE REFERENCE BUREAU

L.R.B. Form No. 4 (Rev. 1/11/17)

No.

An Act providing for the capital


budget for fiscal year
2025-2026.

INTRODUCED

District
By GOVERNOR'S BUDGET OFFICE
NO.
District
By NO.
District
By NO.
District
By NO.

See next page for additional co-sponsors.


Referred to Committee on
Prior Session
Date

Reported

As Committed-Amended

Recomendation

By Hon.
2025D01917 01917MAB:CMH 01/23/25 #84

AN ACT
1 Providing for the capital budget for fiscal year 2025-2026.
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 2025-2026.
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 2025-2026 fiscal year, and thereafter until
11 the enactment of the 2026-2027 capital budget specifying the
12 maximum debt for the 2026-2027 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:

2025D01917 - 1 -
1 Category Amount Fund
2 (1) Public Improvement
3 Projects:
4 (i) Buildings and
5 structures $1,100,000,000 General Fund or
6 Special Fund as
7 applicable
8 (2) Furniture and
9 equipment 20,000,000 General Fund or
10 Special Fund as
11 applicable
12 (3) Transportation
13 assistance projects 100,000,000 General Fund
14 (4) Redevelopment
15 assistance projects 350,000,000 General Fund
16 (5) Flood control
17 projects 0 General Fund
18 Total $1,570,000,000
19 Section 3. Effective date.
20 This act shall take effect immediately.

2025D01917 - 2 -

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