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SUMMARY OF THE 2006 ACTS AND RESOLVES

ACT NO. 147

(H.864)

Capital appropriations; bonding; school construction funding

The Capital Construction Act appropriates capital funds and authorizes their financing with state bonding. This act addresses many state capital needs, including the current and future status of the Vermont state hospital and the construction of schools and technical education centers. This act requires the preparation of several legislative reports.

Monetary Provisions

Appropriations in this act

The appropriations made in this act total $47,027,995.00. Of this amount, $2,027,995 is supported with proceeds from unspent capital appropriations from previous years. The balance of $45 million requires the issuance of new long-term general obligation bonds, which is the amount recommended by the Capital Debt Affordability Committee as the prudent amount of debt to be authorized for fiscal year 2007.

In addition, the Capital Construction Act directs the expenditure of over $22.5 million in general funds:

Eleven individual appropriations of capital funds are of $1,000,000 or more each, and together constitute nearly three-quarters of the total capital funds appropriated. The items and amounts are as follows:



Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont


www.leg.state.vt.us