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DE HB256

Bill

Official Source

Status

Introduced

1/26/2016

Primary Sponsor

Sean Matthews

Click for details

Origin

House of Representatives

148th General Assembly

AI Summary

  • Requires one-time non-tax settlements or judgments exceeding $2,000,000 in net value per fiscal year to be transferred from the General Fund to the Transportation Trust Fund.
  • Mandates that state agencies receiving such settlements notify the Attorney General within 10 days of receipt.
  • Requires joint written certification from the Secretary of Finance and Attorney General before the State Treasurer transfers settlement proceeds to the Transportation Trust Fund.
  • Excludes penalties and fines that are appropriated by statute to the enforcing department or agency from this requirement.
  • Becomes effective 90 days after enactment.

Legislative Description

An Act To Amend Title 2 Of The Delaware Code Relating To The Deposit Of Settlement Proceeds Into The Transportation Trust Fund.

Last Action

Introduced and Assigned to Transportation/Land Use and Infrastructure Committee in House

1/26/2016

Committee Referrals

Transportation/Land Use and Infrastructure1/26/2016

Full Bill Text

No bill text available