DE SB173

Expands purposes for which the City of Dover may issue bonds without requiring a referendum vote, limited to resolution approval by three-fourths of council members and the mayor.

Authorizes bond issuance for capital projects including water mains, sewer mains, public buildings, and streets, capped at 0.25% of taxable assessed value per issuance.

Restricts general obligation bonds outstanding at any one time to not exceed 1% of total taxable assessment for a general tax.

Authorizes bond issuance for refunding prior bonds if the present value of refunding bonds does not exceed the present value of bonds being refunded, with sufficient funds escrowed to pay interest and principal.

Makes technical corrections to Section 50 of the Charter regarding debt limits and bonding authority for municipal financial affairs.