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DE SB20
Bill
Status
1/28/2011
Primary Sponsor
Valerie Longhurst
Click for details
AI Summary
- Authorizes issuance of general obligation bonds for the State of Delaware for fiscal year ending June 30, 2012, to fund capital improvement projects
- Appropriates funds from the Transportation Trust Fund for transportation-related infrastructure projects
- Authorizes the Delaware Transportation Authority to issue revenue bonds and appropriates special funds for authority operations
- Directs certain funds to be deposited into the General Fund and establishes procedures, conditions, and limitations governing expenditure of appropriated funds
- Amends existing Delaware statutory provisions related to bonding authority and capital improvements financing
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; Authorizing The Issuance Of Revenue Bonds Of The Delaware Transportation Authority; Appropriating Special Funds Of The Delaware Transportation Authority; 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
Assigned to Bond Committee in Senate
1/28/2011