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DE SB269

Bill

Official Source

Status

Passed

7/23/2012

Primary Sponsor

George Bunting

Click for details

Origin

Senate

146th General Assembly

AI Summary

  • Amends Section 40 of the City of Rehoboth Beach Charter to change the indebtedness limit from twenty-five percent of assessed property valuation to a fixed dollar amount
  • Sets the maximum indebtedness for the City of Rehoboth Beach at fifty million dollars ($50,000,000.00) at any one time
  • Replaces the previous percentage-based debt cap with an absolute dollar limit
  • Requires a two-thirds majority vote in both houses of the Delaware General Assembly to enact

Legislative Description

An Act To Amend The Charter Of The City Of Rehoboth Beach Relating To Indebtedness.

Last Action

Signed by Governor

7/23/2012

Committee Referrals

Administration6/28/2012
Community/County Affairs6/20/2012

Full Bill Text

No bill text available