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DE HB450
Bill
Status
7/1/2016
Primary Sponsor
Quinton Johnson
Click for details
AI Summary
HB 450 - Fiscal Year 2017 Bond and Capital Improvements Act
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Authorizes issuance of $202.42 million in general obligation bonds and $26.74 million in Delaware Transportation Authority revenue bonds for capital projects with 20-year maturity periods
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Appropriates $265.15 million in state Transportation Trust Funds and $238.63 million in federal transportation funds for road systems, transit, grants/allocations, and support systems
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Appropriates $12.65 million in general funds to Office of Management and Budget, Delaware Economic Development Office, Natural Resources and Environmental Control, and Fire Prevention Commission
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Authorizes transfers and reprogramming of $15.14 million from special funds across multiple state agencies including health services, environmental control, and housing authorities
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Sets detailed capital improvement projects for education ($76.42 million), natural resources ($26.44 million), correction facilities, courts, and state universities with specific spending conditions and reversion dates of June 30, 2019
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 And Special 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
Signed by Governor
7/1/2016