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DE SB15
Bill
Status
1/12/2017
Primary Sponsor
David McBride
Click for details
AI Summary
Senate Bill 15 - FY 2018 Bond and Capital Improvements Act
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Authorizes $211.75 million in general obligation bonds with $36.28 million in local school bonds for capital projects across state agencies and public school districts
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Appropriates $284.75 million from the Transportation Trust Fund and authorizes $26.74 million in Delaware Transportation Authority revenue bonds for road, transit, and support system improvements
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Allocates $16.98 million in general funds and reprograms $15.14 million in special funds for various state capital improvements including education, natural resources, housing, and technology projects
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Establishes procedures for project management, reporting requirements, and spending limitations, including quarterly expenditure reports and an Appeals Board for unencumbered funds after project completion
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Amends school construction matching fund requirements to simplify local share calculations based on district ability indices, with special schools and certain programs receiving 100% state funding
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, 2018; 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; 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 and Assigned to Capital Improvement Committee in Senate
1/12/2017