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Capital Budget
The state's capital budget provides for the acquisition or construction of major capital items, including land, buildings, structures, and equipment and is completed in two-year periods beginning in odd-numbered years. Moneys for these projects are typically appropriated from funds whose revenue comes from bond sales.
Reappropriations Budget
The capital reappropriations bill reauthorizes unexpended balances of previously appropriated capital projects, which is necessary due to the constitutional requirement that the General Assembly make no appropriation for a period of more than two years. This bill reconciles the constitutional limitation with the reality that many capital projects require more than two years to complete.
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