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DE HB373

Bill

Official Source

Status

Introduced

6/6/2012

Primary Sponsor

Daniel Short

Click for details

Origin

House of Representatives

146th General Assembly

AI Summary

  • Authorizes the Bridgeville Commissioners to issue bonds or other obligations up to $2,500,000 without a referendum
  • Allows borrowing for proper municipal purposes by Commissioner Resolution approved by a majority of elected members
  • Exempts this borrowing from standard limitations and requirements otherwise applicable to municipal borrowing
  • Commissioners may determine bond details including form, payment schedule, interest rate, maturity dates, and denominations through separate Resolution
  • Amends Section 29 of the Bridgeville Charter (Volume 51, Chapter 237, Laws of Delaware)

Legislative Description

An Act To Amend Volume 51, Chapter 237, Laws Of Delaware, As Amended Entitled "an Act To Reincorporate The Town Of Bridgeville" Relating To The Power To Borrow Up To $2,500,000 For Municipal Purposes Without Referendum.

Last Action

Stricken

6/19/2012

Committee Referrals

Administration6/6/2012

Full Bill Text

No bill text available