Pennsylvania Act 1990-117 — CAPITAL PROJECT ITEMIZATION ACT 1990 - 1991 - SUPPLEMENT

Act text

A SUPPLEMENT

To the act of July 9, 1990 (P.L.350, No.80), entitled "An act providing for the capital budget for the fiscal year 1990-1991," itemizing transportation assistance projects and public improvement projects to be constructed or acquired or assisted by the Department of General Services and Department of Transportation, together with their estimated financial costs; authorizing the incurring of debt without the approval of the electors for the purpose of financing the projects to be constructed or acquired or assisted by the Department of General Services and Department of Transportation; stating the estimated useful life of the projects; and making appropriations.

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 Project Itemization Act for 1990-1991.

Section 2. Total authorizations.

(a) Transportation projects.--The total authorization for the capital projects in the category of transportation assistance projects itemized in section 3 with respect to which an interest is to be acquired in or constructed by the Department of Transportation, its successors or assigns, and to be financed by the incurring of debt, shall be $75,548,000.

(b) Public improvements.--The total authorization for the capital projects in the category of public improvement projects itemized in section 4 and to be acquired or constructed by the Department of General Services, its successors or assigns, and to be financed by the incurring of debt, shall be $1,278,000

Section 3. Itemization of transportation assistance projects.

Additional capital projects in the category of transportation assistance projects for mass transit in which an interest is to be acquired in or constructed by the Department of Transportation, its successors or assigns, and to be financed by the incurring of debt, are hereby itemized, together with their estimated financial costs, as follows:

Section 4. Itemization of public improvement projects.

Additional capital projects in the category of public improvement projects to be constructed or acquired by the Department of General Services, its successors or assigns, and to be financed by the incurring of debt, are hereby itemized, together with their respective estimated financial costs, as follows:

Section 5. Limited waiver of local requirements.

The limitation on Department of Transportation funding of capital projects under section 203(4)(iii) of the act of January 22, 1968 (P.L.42, No.8), known as the Pennsylvania Urban Mass Transportation Law, shall be waived for the additional capital projects in the category of transportation assistance projects for mass transit contained in section 3 of this act, and limitations generally imposed on Department of Transportation funding of capital projects under the act of February 11, 1976 (P.L.14, No.10), known as the Pennsylvania Rural and Intercity Common Carrier Surface Transportation Assistance Act, pursuant to the policy of the department shall be waived for the additional capital projects in the category of transportation assistance projects for mass transit as set forth in section 3 of this act.

Section 6. Debt authorization.

(a) Transportation projects.--The Governor, Auditor General and State Treasurer are hereby authorized and directed to borrow, from time to time, in addition to any authorization heretofore or hereafter enacted, on the credit of the Commonwealth, subject to the limitations provided in the current capital budget, money not exceeding in the aggregate the sum of $75,548,000 as may be found necessary to carry out the acquisition and construction of the transportation assistance projects specifically itemized in a capital budget.

(b) Public improvements.--The Governor, Auditor General and State Treasurer are hereby authorized and directed to borrow, from time to time, in addition to any authorization heretofore or hereafter enacted, on the credit of the Commonwealth, subject to the limitations provided in the current capital budget, money not exceeding in the aggregate the sum of $1,278,000 as may be found necessary to carry out the acquisition and construction of the public improvement projects specifically itemized in a capital budget.

Section 7. Issue of bonds.

The indebtedness authorized in this act shall be incurred, from time to time, and shall be evidenced by one or more series of general obligation bonds of the Commonwealth in such aggregate principal amount for each series as the Governor, Auditor General and State Treasurer shall determine, but the latest stated maturity date shall not exceed the estimated useful life of the projects being financed as stated in section 8.

Section 8. Estimated useful life and term of debt.

(a) Estimated useful life.--The General Assembly states that the estimated useful life of the public improvement projects itemized in this act is as follows:

(1) Public improvement projects, 30 years.

(2) Transportation assistance projects:

(i) Rolling stock, 15 years.

(ii) Passenger buses, 12 years.

(iii) Furniture and equipment, 10 years.

(iv) All others, 30 years.

(b) Term of debt.--The maximum term of debt authorized to be incurred under this act is 30 years.

Section 9. Appropriation.

(a) Transportation projects.--The net proceeds of the sale of the obligations authorized in this act are hereby appropriated from the Capital Facilities Fund to the Department of Transportation in the maximum amount of $75,548,000 to be used by it exclusively to defray the financial cost of the transportation assistance projects specifically itemized in a capital budget. After reserving or paying the expenses of the sale of the obligation, the State Treasurer shall pay to the Department of Transportation the moneys as required and certified by it to be legally due and payable.

(b) Public improvements.--The net proceeds of the sale of the obligations authorized in this act are hereby appropriated from the Capital Facilities Fund to the Department of General Services in the maximum amount of $1,278,000 to be used by it exclusively to defray the financial cost of the public improvement projects specifically itemized in a capital budget. After reserving or paying the expenses of the sale of the obligations, the State Treasurer shall pay to the Department of General Services the moneys as required and certified by it to be legally due and payable.

Section 10. Federal funds.

In addition to those funds appropriated in section 9, all moneys received from the Federal Government for the projects specifically itemized in this act are also hereby appropriated for those projects.

Section 11. Editorial changes.

In editing and preparing this act for printing following the final enactment, the Legislative Reference Bureau shall insert or revise letters or numbers for projects where the letters or numbers are missing or require revision. The bureau shall also revise the total monetary amounts for the total authorization, debt authorization, appropriations and departmental totals as necessary to agree with the total monetary amounts of the projects.

Section 12. Effective date.

This act shall take effect immediately.