DE SB50

Establishes the Community College Infrastructure Fund within the Office of the State Treasurer to address Delaware Technical and Community College's approximately $100 million in deferred maintenance and $400 million infrastructure replacement needs

Expresses legislative intent to appropriate at least $10 million annually for five years to the Fund, with additional deposits allowed from tuition, fees, private funds, and federal support

Authorizes the College's Board of Trustees to issue promissory notes or bonds to finance capital improvements, deferred maintenance, and technology acquisitions, with each issuance requiring separate General Assembly approval

Exempts College bonds secured by non-appropriated funds from being counted as state tax-supported obligations, clarifying they are not backed by state faith and credit but solely by Fund resources

Makes Delaware Technical and Community College eligible for state matching funds for minor capital improvements consistent with public education matching provisions, effective January 1, 2020