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DE SB260

Bill

Status

Passed

8/4/2022

Primary Sponsor

Kyle Gay

Click for details

Origin

Senate

151st General Assembly

AI Summary

  • Increases the maximum balance the Consumer Protection Fund can retain at the end of each fiscal year from $3 million to $10 million.

  • Expands the purposes for which Consumer Protection Fund money can be used to include costs associated with laws prohibiting financial fraud.

  • Authorizes the Attorney General to expend Consumer Protection Fund money for salaries, costs, and expenses related to consumer protection, financial fraud, and antitrust actions.

  • Any balance exceeding the $10 million cap at fiscal year-end must be deposited into the General Fund.

  • Requires the Attorney General to submit detailed reports on fund revenues, expenditures, and program measures to the Delaware State Clearinghouse Committee.

Legislative Description

An Act To Amend Title 6 Of The Delaware Code Relating To The Consumer Protection Fund.

Last Action

Signed by Governor

8/4/2022

Committee Referrals

Judiciary6/9/2022
Judiciary4/11/2022

Full Bill Text

No bill text available