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DE SB260
Bill
AI Summary
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Increases the maximum balance the Consumer Protection Fund can retain at the end of each fiscal year from $3 million to $10 million.
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Expands the purposes for which Consumer Protection Fund money can be used to include costs associated with laws prohibiting financial fraud.
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Authorizes the Attorney General to expend Consumer Protection Fund money for salaries, costs, and expenses related to consumer protection, financial fraud, and antitrust actions.
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Any balance exceeding the $10 million cap at fiscal year-end must be deposited into the General Fund.
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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