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2025 Pennsylvania Consolidated & Unconsolidated Statutes
Act 48 - CAPITAL BUDGET ACT OF 2025-2026 - ENACTMENT

Universal Citation:
Act of Nov. 19, 2025, P.L. 305, No. 48
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An Act

 

Providing for the capital budget for fiscal year 2025-2026 and for limitation on redevelopment assistance capital projects; 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 2025-2026.

Section 2.  Overall limitations on debt to be incurred for capital projects.

The maximum principal amount of additional debt to be incurred during the 2025-2026 fiscal year, and thereafter until the enactment of the 2026-2027 capital budget specifying the maximum debt for the 2026-2027 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

 

 

 

$1,100,000,000

 

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

 

100,000,000

 

General Fund

(4)  Redevelopment assistance projects

 

350,000,000

 

General Fund

(5)  Flood control projects

 

0

 

General Fund

Total

$1,570,000,000

 

Section 3.  Limitation on redevelopment assistance capital projects.

The maximum amount of redevelopment assistance capital projects undertaken by the Commonwealth for which obligations are outstanding shall not exceed, in aggregate, $3,350,000,000.

Section 4.  Repeals.

Repeals are as follows:

(1)  The General Assembly declares that the repeal under paragraph (2) is necessary to effectuate this act.

(2)  Section 2.1 of the act of May 29, 2020 (P.L.205, No.25), known as the Capital Budget Act of 2019-2020, is repealed.

Section 5.  Effective date.

This act shall take effect immediately.

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