Pennsylvania Act 1995-34 (session 1) — SOMERSET HOSPITAL CONVERSION SECURITY AND QUEHANNA BOOT CAMP PROJECT

Act text

Special Session No. 1 of 1995

No. 1995-34

A SUPPLEMENT

To the act of July 6, 1995 (P.L.269, No.38), entitled "An act providing for the capital budget for the fiscal year 1995-1996," itemizing public improvement projects to be constructed or acquired by the Department of General Services, together with 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 by the Department of General Services; stating the estimated useful life of the projects; and making an appropriation.

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 1995 Special Session Somerset Hospital Conversion Security and Quehanna Boot Camp Project Itemization Act.

Section 2. Total authorization.

The total authorization for the additional capital projects in the category of public improvement projects itemized in section 3 and to be constructed or acquired by the Department of General Services, its successors or assigns and to be financed by the incurring of debt shall be $12,520,000.

Section 3. Itemization of public improvement projects.

The 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 estimated financial costs, as follows:

(Base Project Allocation - $8,850,000)

(Design and Contingencies - $1,770,000)

Section 4. Debt authorization.

The Governor, the Auditor General and the 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 $12,520,000 as may be found necessary to carry out the construction or acquisition of the public improvement projects specifically itemized herein.

Section 5. 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 6.

Section 6. Estimated useful life and term of debt.

(a) Estimated useful life.--The General Assembly states that the estimated useful life of the projects itemized in this act is 30 years.

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

Section 7. Appropriation.

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 $12,520,000 to be used by it exclusively to defray the financial cost of the public improvement projects specifically itemized herein. After reserving or paying the expenses of the sale of the obligation, 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 8. Federal funds.

In addition to those funds appropriated in section 7, all moneys received from the Federal Government for the projects specifically itemized in this act are also appropriated for these projects.

Section 9. 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 10. Effective date.

This act shall take effect immediately.