DE HB286

Extends the maximum maturity period for bonds issued by New Castle County for sewer and wastewater projects from 30 years to 40 years.

Allows bonds for water, sewer, or wastewater improvements costing over $5,000,000 to mature up to 40 years after issuance instead of the standard 30-year limit.

Removes the requirement to advertise bond sales in newspapers, including the financial journal in New York City, while maintaining notice requirements through county websites and other methods.

Simplifies bond sale procedures by allowing the County Executive to sell bonds at public or private sale as authorized by County Council.

Enables New Castle County to access federal infrastructure loan programs with longer repayment periods and reduces debt service burden on the county's operating budget.