Capital Projects Funds
Capital Projects Funds are used to account for financial resources to be used for the acquisition or construction of major capital facilities and infrastructure (other than those financed by proprietary funds, trust funds, and higher education funds). Significant Capital Projects Funds are described as follows:
State Facilities:
to account for proceeds of bond issues and other sources and
the subsequent expenditures for the construction of various state buildings and
structures.
Infrastructure:
to account for the proceeds of bond issues and related
capital project grants to finance the State's transportation infrastructure
program over a ten-year period. This program encompasses the planning,
acquisition, removal, construction, equipping, reconstruction, repair,
rehabilitation and improvement of, and acquisition of easements and
rights-of-way with respect to, State highways and bridges, projects on the
interstate highway system, alternate highway projects in the interstate
substitution program (the "interstate trade-in program"), waterway
facilities, aeronautic facilities (excluding Bradley International Airport), the
highway safety program, maintenance garages and administrative facilities of the
Department, payment of the State's share of the costs of the local bridge
program and payment of State contributions to the local bridge revolving fund.
Other Transportation:
to account for the proceeds of bond issues and related grants
to be used for other transportation related capital projects.