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Bill > SB1174

PA SB1174

PA SB1174
Providing for the capital budget for fiscal year 2026-2027; itemizing public improvement projects, furniture and equipment projects, transportation assistance, flood control projects, Pennsylvania Fish and Boat Commission projects and Manufacturing Fund 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 pro

summary

Introduced
02/24/2026
In Committee
02/24/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 Regular Session

Bill Summary

Providing for the capital budget for fiscal year 2026-2027; itemizing public improvement projects, furniture and equipment projects, transportation assistance, flood control projects, Pennsylvania Fish and Boat Commission projects and Manufacturing Fund 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, known as the Capital Budget Project Itemization Act of 2026-2027, authorizes the state to incur debt and use current revenue to fund various public improvement projects across the Commonwealth. The bill itemizes specific projects for agencies like the Department of General Services, Department of Transportation, Pennsylvania Fish and Boat Commission, and others, covering areas such as public buildings, furniture and equipment, transportation assistance, flood control, and critical infrastructure investments. The total authorized debt for these projects amounts to billions of dollars, with estimated useful lives for different project categories ranging from 10 to 30 years, and the maximum term for the debt is set at 30 years. The net proceeds from the sale of obligations are appropriated to the respective departments to cover the costs of these projects.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Appropriations (on 02/24/2026)

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