Bill > HB2097

This bill establishes a comprehensive framework for managing capital improvement projects in Pennsylvania, requiring the Governor to prepare an annual Commonwealth capital improvement plan that details proposed capital expenditures for the next three fiscal years. The plan must include a detailed list of capital projects for each state agency, their fiscal impacts, funding recommendations, a review of ongoing and completed projects, maintenance recommendations, and a comprehensive report on the Commonwealth's overall debt, including general obligation debt, lease costs, long-term liabilities, and unfunded retirement system obligations. State agencies are required to submit detailed information about their planned capital projects to the Governor and General Assembly by October 15 each year, including project impacts, economic forecasts, and property availability. The bill also establishes a debt limit for capital projects, mandating that the Auditor General certify annually that the Commonwealth's net debt does not exceed 1.75 times the average annual tax revenues from the previous five fiscal years. Additionally, the bill provides legislative oversight by requiring the Senate and House Appropriations Committees to hold at least three hearings on the capital improvement plan before taking action, and prohibits the General Assembly, Governor, and State Treasurer from approving or paying for capital budget expenditures that would exceed the certified debt limit. The legislation aims to provide transparency, fiscal responsibility, and strategic planning for Pennsylvania's capital infrastructure investments.

Budget and Finance

https://www.palegis.us/legislation/bills/2025/hb2097