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DE HB275
Bill
Status
1/28/2016
Primary Sponsor
Peter Schwartzkopf
Click for details
AI Summary
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Authorizes issuance of $201,995,000 in state general obligation bonds and $28,008,900 in local share school bonds for FY2017 capital projects, with bonds maturing within 20 years of issuance
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Appropriates $250,825,658 from the Transportation Trust Fund for road, transit, and support system projects, including $151.8 million for road improvements, $26.7 million for transit, and $21.75 million for grants/allocations including Community Transportation Fund
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Allocates $75,707,000 for K-12 school construction and renovation projects across multiple districts, including new elementary schools in Cape Henlopen, renovations to Howard HS in New Castle County VoTech, and various facility improvements in Brandywine, Caesar Rodney, and Lake Forest districts
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Appropriates $31,307,300 in General Funds for capital projects including $18.5 million for Delaware Economic Development Office, $8.9 million for Natural Resources and Environmental Control, and $1.9 million for Health and Social Services
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Funds higher education capital improvements totaling $18 million split equally among University of Delaware ($6M for laboratories), Delaware State University ($6M for campus improvements), and Delaware Technical Community College ($6M for campus improvements and technology)
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, 2017; 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; Appropriating General Funds Of The State; Reverting And Reprogramming Certain Funds Of The State; Directing The Deposit Of Certain Funds To The General Fund; Specifying Certain Procedures, Conditions And Limitations For The Expenditure Of Such Funds; And Amending Certain Statutory Provisions.
Last Action
Introduced in House and assigned to Capital Infrastructure Committee
1/28/2016