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Current as of January 01, 2026 | Updated by Findlaw Staff
The maximum principal amount of additional debt to be incurred during the 2017-2018 fiscal year, and thereafter until the enactment of the 2018-2019 capital budget specifying the maximum debt for the 2018-2019 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:
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(1) Public Improvement Projects: |
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|
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(i) Buildings and structures |
$680,000,000 |
General Fund or special |
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fund as applicable |
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(2) Furniture and equipment |
10,000,000 |
General Fund or special |
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fund as applicable |
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(3) Transportation assistance projects |
350,000,000 |
General Fund |
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(4) Redevelopment assistance projects |
175,000,000 |
General Fund |
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(5) Flood control projects |
10,000,000 |
General Fund |
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Total |
$1,225,000,000 |
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Cite this article: FindLaw.com - Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 3919.612. Overall limitations on debt to be incurred for capital projects - last updated January 01, 2026 | https://codes.findlaw.com/pa/title-72-ps-taxation-and-fiscal-affairs/pa-st-sect-72-3919-612/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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