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DE HB325
Bill
Status
1/27/2022
Primary Sponsor
Peter Schwartzkopf
Click for details
AI Summary
HB325 Summary: Fiscal Year 2023 Bond and Capital Improvements Act
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Total Authorization: Authorizes $1.184 billion in capital improvements funding for Delaware through general obligation bonds ($274.6 million), transportation trust funds ($315.7 million), and general state appropriations ($591.6 million)
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Major Project Categories: Funds education infrastructure ($308.7 million), transportation improvements ($315.7 million), natural resources and environmental projects ($58.3 million), healthcare facilities, corrections infrastructure, and higher education campus improvements
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Transportation Investments: Allocates $315.7 million for road systems, transit vehicles, bridges, traffic safety programs, and municipal street aid through the Delaware Department of Transportation
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Education Focus: Appropriates $308.7 million for school construction and renovations across Delaware school districts, including new schools, facility upgrades, and market pressure contingency funding for construction cost increases
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Procedures and Controls: Establishes oversight mechanisms including quarterly expenditure reporting, project reversion dates, bond verification, and limitations on fund use to ensure appropriate implementation of capital projects
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, 2023; 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 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 and Assigned to Capital Infrastructure Committee in House
1/27/2022