DE SB132

Creates Delaware Works Trust Fund (DWTF) to finance unfunded capital construction projects in education and infrastructure through a 20-year bond sale.

Imposes additional 10-cent per gallon motor fuel tax effective September 1, 2013, with revenues deposited into and pledged to the DWTF.

Allocates 25% of annual DWTF funds equally among four recipients: Department of Transportation, Department of Natural Resources and Environmental Control (for tourism), schools (for projects over $100,000), and municipalities/nonprofits (with required one-to-one matching funds).

Authorizes Secretary of Finance to issue bonds backed by the motor fuel tax revenue; bonds do not constitute state debt or pledge state credit.

Requires annual independent audits of DWTF books and accounts performed by certified public accountants selected jointly by the Auditor of Accounts and Secretary of Finance.