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DE HB19

Bill

Official Source

Status

Passed

4/13/2017

Primary Sponsor

John Mitchell

Click for details

Origin

House of Representatives

149th General Assembly

AI Summary

  • Amends Section 405 of the Town of Elsmere's charter regarding borrowing for current expenses
  • Clarifies that borrowing to cover short-term cash needs cannot exceed the anticipated revenue for the current fiscal year
  • Follows up on House Bill No. 432 from the 148th General Assembly, which previously removed a cap on indebtedness for current expenses
  • Requires the Town Council to adopt a resolution to exercise borrowing authority, with indebtedness evidenced by town notes backed by the town's faith and credit

Legislative Description

An Act To Amend The Charter Of The Town Of Elsmere.

Last Action

Signed by Governor

4/13/2017

Committee Referrals

Judicial & Community Affairs1/19/2017
Administration1/5/2017

Full Bill Text

No bill text available