DE SB50

Establishes the Community College Infrastructure Fund within the Department of Finance to finance capital improvements, maintenance, and technology enhancements for Delaware Technical and Community College.

Authorizes the College's Board of Trustees to levy an additional property tax on real estate assessed values in each county, capped at 10 cents per $100 of assessed value, with revenues segregated by county and used only for projects in that county.

Grants the Board authority to issue promissory notes or bonds (subject to General Assembly authorization) payable to the State for acquiring land, constructing buildings, and purchasing equipment, with principal and interest payments funded by the infrastructure tax.

Specifies that Fund revenues cannot be used for operating expenses and establishes procedures for tax collection by county finance offices, deposit with the State Treasurer, and bond management including terms of up to 20 years.

Addresses the College's $400 million in aging infrastructure costs, $89.8 million in deferred maintenance, and need for $73.2 million in new academic facility improvements across its 4 campuses.