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DE SB20
Bill
Status
1/29/2015
Primary Sponsor
Patricia Blevins
Click for details
AI Summary
Delaware SB20 - FY2016 Bond and Capital Improvements Act
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Authorizes issuance of $197.5 million in general obligation bonds and $38.1 million in local school bonds for state capital projects, maturing within 20 years.
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Appropriates $385.8 million total for capital improvements across state agencies including education, transportation, healthcare, natural resources, and higher education institutions.
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Authorizes $337.6 million from the Transportation Trust Fund for road system improvements, bridges, transit systems, and transportation facilities.
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Establishes specific procedures for project oversight, including quarterly reporting requirements, appeals board approval for unencumbered funds, and restrictions on project budget increases without multi-agency approval.
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Makes numerous adjustments to school district capital projects, property conveyances, and special fund allocations, including teacher employment requirements for certain contracts funded by the appropriation.
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, 2016; 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; Deauthorizing And Reauthorizing Certain Funds Of The Transportation Trust Fund; 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
Assigned to Bond Committee in Senate
1/29/2015