DE HB60

Establishes the Community College Infrastructure Fund within the Office of the State Treasurer to finance capital improvements, maintenance, technology enhancements, and debt service for Delaware Technical Community College.

Authorizes the College's Board of Trustees to issue promissory notes or bonds (subject to General Assembly authorization) payable to the State for acquisition of land, construction of buildings, improvements, and equipment.

Specifies that Fund revenues may not be used for College operating expenses and bond principal and interest are payable from the Fund.

Exempts Community College bonds from state and local taxation and pledges the College's full faith and credit for repayment of principal and interest.

Provides mechanism for state matching funds for minor capital improvement projects using tuition, fees, private funds, and federal support as local share sources, subject to General Assembly appropriation and consistent with public education matching provisions.