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DE HB325
Bill
Status
1/25/2024
Primary Sponsor
Valerie Longhurst
Click for details
AI Summary
HB 325 - Fiscal Year 2025 Bond and Capital Improvements Act
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Authorizes $314.615 million in general obligation bonds and $108.832 million in local school bonds for state capital projects, with bonds maturing within 20 years.
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Appropriates $257.466 million in general funds and authorizes $329.107 million from the Transportation Trust Fund for infrastructure, education, health, natural resources, and other state agency projects.
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Authorizes Delaware Transportation Authority to issue up to $26.741 million in revenue bonds to fund transportation projects including road systems, transit facilities, and support infrastructure.
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Establishes procedures for project oversight including quarterly expenditure reports, Appeals Board approval for unencumbered funds after project completion, and prohibits using minor capital funds for major construction projects without emergency circumstances.
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Includes numerous specific provisions for education facilities, school construction market pressure contingency funds, water bottle refilling stations in schools, and transportation initiatives including community workforce agreement pilot programs.
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, 2025; 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
1/25/2024