An Act providing for the capital budget for fiscal year 2024-2025.

HB 2328 establishes the capital budget for Pennsylvania for the fiscal year 2024-2025, setting specific spending limits for various state infrastructure projects. The bill authorizes the state to incur up to $1.495 billion in new debt, with designated amounts allocated for public buildings and structures, furniture and equipment, transportation assistance, redevelopment assistance, and flood control. These funds are drawn from the General Fund or applicable Special Funds and are intended to finance capital improvements specifically listed in the state constitution. The legislation becomes effective on July 1, 2024, or immediately if that date has already passed.