Pennsylvania Act 2007-43 — CAPITAL BUDGET ACT OF 2007-2008 - ENACTMENT

Act text

AN ACT

Providing for the capital budget for the fiscal year 2007-2008.

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

Section 1. Short title and construction.

(a) Short title.--This act shall be known and may be cited as the Capital Budget Act of 2007-2008.

(b) Supplements.--A reference to this act shall be deemed to include a reference to the supplements to this act.

(c) Capital Facilities Debt Enabling Act.--The provisions and definitions of Chapter 3 of the act of February 9, 1999 (P.L.1, No.1), known as the Capital Facilities Debt Enabling Act, shall apply to this act to the extent they are not inconsistent with this act.

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

The maximum principal amount of additional debt to be incurred during the 2007-2008 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. Payment of settlement or awards of claims.

Notwithstanding the provisions of 62 Pa.C.S. § 1726 (relating to payment of awards and costs), for fiscal year 2007-2008, the settlement or award of claims arising from construction contracts for public improvement projects may be paid by the Department of General Services from available funds in accounts within the Capital Facilities Fund that include funds no longer required for the design, acquisition or construction of any approved capital project.

Section 4. Effective date.

This act shall take effect July 1, 2007, or immediately, whichever is later.