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DE SB130
Bill
Status
7/1/2011
Primary Sponsor
Teresa Schooley
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AI Summary
- Authorizes issuance of general obligation bonds for the State of Delaware for fiscal year ending June 30, 2012
- Appropriates funds from the Transportation Trust Fund and special funds from the Delaware Transportation Authority
- Deauthorizes and reauthorizes certain Transportation Trust Fund balances for capital projects
- Appropriates general and special state funds with procedures, conditions, and limitations on expenditures
- Requires reversion or reauthorization of any authorization balances (excluding Transportation Trust Fund) remaining unexpended or unencumbered by June 30, 2014
Legislative Description
A Bond And Capital Improvements Act Of The State Of Delaware And Certain Of Its Authorities For The Fiscal Year Ending June 30, 2012; Authorizing The Issuance Of General Obligation Bonds Of The State; Appropriating Funds From The Transportation Trust Fund; Appropriating Special Funds Of The Delaware Transportation Authority; Deauthorizing And Reauthorizing Certain Funds Of The Transportation Trust Fund; Appropriating General Funds And Special Funds Of The State; Reverting And Reprogramming Certain Funds Of The State; Directing The Deposit Of Certain Funds To The General Fund; Specifying Certain Procedures, Conditions And Limitations For The Expenditure Of Such Funds; Amending Certain Pertinent Statutory Provisions; And Amending The Laws Of Delaware.
Last Action
Signed by Governor
7/1/2011