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Bill > SB292
PA SB292
PA SB292Providing for the capital budget for fiscal year 2025-2026; itemizing public improvement projects, furniture and equipment projects, transportation assistance, redevelopment assistance projects, flood control projects and Pennsylvania Fish and Boat Commission projects leased or assisted by the Department of General Services and other State agencies, together with their estimated financial costs; authorizing the incurring of debt without the approval of the electors for the purpose of financing t
summary
Introduced
02/26/2025
02/26/2025
In Committee
02/26/2025
02/26/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
Providing for the capital budget for fiscal year 2025-2026; itemizing public improvement projects, furniture and equipment projects, transportation assistance, redevelopment assistance projects, flood control projects and Pennsylvania Fish and Boat Commission projects leased or assisted by the Department of General Services and other State agencies, 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, acquired or assisted by the Department of General Services and other State agencies; authorizing the use of current revenue for the purpose of financing the projects to be constructed, acquired or assisted by the Department of General Services and other State agencies stating the estimated useful life of the projects; and making appropriations.
AI Summary
This bill provides the capital budget for fiscal year 2025-2026, authorizing the Commonwealth of Pennsylvania to undertake various infrastructure and improvement projects across multiple state agencies and institutions. The bill outlines specific allocations for public improvements, furniture and equipment, transportation assistance, flood control, and Pennsylvania Fish and Boat Commission projects, totaling approximately $23.9 billion in authorized spending. Key categories include significant investments in state universities like Penn State and the University of Pittsburgh, renovations and upgrades to state correctional facilities, military and veterans affairs facilities, transportation infrastructure, and environmental projects. The bill authorizes the state to incur debt to finance these projects, with a maximum debt term of 30 years and specific estimated useful life periods for different types of projects. The funding will support a wide range of initiatives, from constructing new research facilities and upgrading state parks to improving transportation infrastructure and rehabilitating fish hatcheries. The bill requires that the proceeds from bond sales be appropriated to the respective state departments for use in completing the specified projects, and it also allows for the use of federal funds where applicable.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Appropriations (on 02/26/2025)
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