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 and university hospital 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, mass transportation and transit 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.
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