Pennsylvania Act 1984-117 — "CAPITAL BUDGET ACT OF 1984-1985"

Act text

AN ACT

Providing for the capital budget for the fiscal year 1984-1985.

The General Assembly of the Commonwealth of Pennsylvania hereby enacts as follows:

Section 1. Short title and construction.

This act and its supplements shall constitute the Capital Budget Act of 1984-1985 Fiscal Year. The provisions and definitions of the act of July 20, 1968 (P.L.550, No.217), known as the Capital Facilities Debt Enabling Act, unless inconsistent herewith, shall apply.

Section 2. Overall limitations on debt to be incurred for capital projects.

The maximum principal amount of additional debt to be incurred during the 1984-1985 fiscal year, and thereafter until the enactment of the 1985-1986 capital budget specifying the maximum debt for the 1985-1986 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:

Section 3. Effective date.

This act shall take effect July 1, 1984, or immediately, whichever is later.