Bill Summary – FastDemocracy

PRIOR PRINTER'S NO. 2907                         PRINTER'S NO.   3383
                   THE GENERAL ASSEMBLY OF PENNSYLVANIA
                        HOUSE BILL
                        No. 2328
                                               Session of
                                                 2024
     INTRODUCED BY HARRIS, APRIL 10, 2024
     AS REPORTED FROM COMMITTEE ON APPROPRIATIONS, HOUSE OF
        REPRESENTATIVES, AS AMENDED, JUNE 25, 2024
                                      AN ACT
 Providing for the capital budget for fiscal year 2024-2025; AND    <--
    MAKING A REPEAL.
    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
 Budget Act of 2024-2025.
 Section 2.   Overall limitations on debt to be incurred for
              capital projects.
    The maximum principal amount of additional debt to be
 incurred during the 2024-2025 fiscal year, and thereafter until
 the enactment of the 2025-2026 capital budget specifying the
 maximum debt for the 2025-2026 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:
               Category                 Amount            Fund
 (1)    Public Improvement
       Projects:
        (i)     Buildings and
                    structures    $1,000,000,000    General Fund or
                                                    Special Fund as
                                                    applicable
 (2)    Furniture and
       equipment                    20,000,000      General Fund or
                                                    Special Fund as
                                                    applicable
 (3)    Transportation
       assistance projects         175,000,000      General Fund
 (4)    Redevelopment
       assistance projects         300,000,000      General Fund
 (5)    Flood control
       projects                           0         General Fund
       Total                      $1,495,000,000
 SECTION 3.         REPEALS.                                               <--
       REPEALS ARE AS FOLLOWS:
              (1)    THE GENERAL ASSEMBLY FINDS AND DECLARES THAT THE
       REPEAL UNDER PARAGRAPH (2) IS NECESSARY TO EFFECTUATE THIS
       ACT.
              (2)    SECTION 2.1(2) OF THE ACT OF MAY 29, 2020 (P.L.205,
       NO.25), KNOWN AS THE CAPITAL BUDGET ACT OF 2019-2020, IS
       REPEALED.
 Section 3 4.         Effective date.                                      <--
       This act shall take effect July 1, 2024, or immediately,
 whichever is later.
20240HB2328PN3383                           - 2 -