title
Ordinance amending Ordinance 2 of 2012, entitled, "The Neighborhood First Capital Budget Reform Act" amending the Pittsburgh City Code, Title Two, Fiscal, to bring the City of Pittsburgh into compliance with the recommendations of the amended Act, 47 Financial Recovery Plan relating to the Capital Budget, pursuant to Ordinance No. 29 of 2010 enacted by City Council on June 8, 2010, adopting the Amended Act 47 Financial Recovery Plan for the City of Pittsburgh" dated May 21, 2009 is hereby amended by deleting Chapter 218, Capital Budget in its entirety and replacing it with new language.
body
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1.
The Pittsburgh Code, Title Two, Fiscal, Article I, Administration, Chapter 218: Capital Budget and Capital Improvement Plan, is hereby amended to read as follows:
The Pittsburgh City Code is hereby amended by creating Title Two: Fiscal, Article II: Chapter 218: Capital Budget, which shall read:
CHAPTER 218 - Capital Budget
218.1 Purpose
To ensure the transparent, fair, and equitable distribution of capital funds throughout the City of Pittsburgh. To establish a six year capital improvement plan that includes eligible capital projects, with sufficient detail for each project and listed in order of priority for funding, subject to annual review and amendment.
218.2 Definitions
The following definitions shall apply to all parts of this Chapter:
a) Capital Budget. The annual budget of the City of Pittsburgh, as required by Article
5, Section
502 of the Home Rule Charter, comprised exclusively of capital expenditures.
b) Capital Expenditure. City monies expended, or proposed to be expended, in the Capital Budget on a Capital Project.
c) Capital Project. Any project funded by public monies, or proposed to be funded by public monies, to build, restore, retain, or purchase any equipment, property, facilities, programs or other it...
Click here for full text