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DE HB300
Bill
Status
1/30/2020
Primary Sponsor
Peter Schwartzkopf
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AI Summary
HB300 - FY 2021 Bond and Capital Improvements Act
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Authorizes $240.875 million in general obligation bonds for state capital projects plus $67.845757 million in local school bonds, with a 20-year maturity period.
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Appropriates $233.018 million in general funds and $7.318 million in special funds across state agencies for capital improvements including education, transportation, healthcare facilities, and infrastructure projects.
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Authorizes Delaware Transportation Authority to issue up to $80.224 million in revenue bonds and appropriates $367.652 million from the Transportation Trust Fund for road, transit, and support system improvements.
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Establishes project-specific conditions and oversight procedures including quarterly expenditure reporting, construction management requirements, and creates an Appeals Board to approve unencumbered funds after project completion.
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Includes numerous statutory amendments addressing school construction, property transfers, design-build contracting authority, and specialized provisions for specific projects across multiple state agencies and school districts.
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, 2021; 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; Specifying Certain Procedures, Conditions And Limitations For The Expenditure Of Such Funds; And Amending Certain Statutory Provisions.
Last Action
Introduced in House and Assigned to Capital Infrastructure Committee
1/30/2020