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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