Loading chat...
DE SB40
Bill
Status
1/26/2023
Primary Sponsor
David Sokola
Click for details
AI Summary
SB40: FY 2024 Bond and Capital Improvements Act
-
Authorizes $251.6 million in general obligation bonds for state capital projects including state facilities, judicial buildings, education, and Delaware National Guard infrastructure improvements.
-
Appropriates $322.3 million from Transportation Trust Fund and authorizes $26.7 million in Delaware Transportation Authority revenue bonds for transportation projects including road systems, transit facilities, and bridge programs.
-
Appropriates $664.7 million in general funds across state agencies for capital improvements at universities, natural resources, healthcare facilities, corrections institutions, and school districts.
-
Establishes specific oversight procedures including quarterly project status reporting, procurement thresholds of $100,000-$250,000 based on project type, and an Appeals Board to approve use of unencumbered funds after project completion.
-
Includes provisions for school construction funding, procurement authority for design-build contracts, utility rights-of-way agreements, and higher education research partnerships with Delaware universities.
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, 2024; 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 Improvement Committee in Senate
1/26/2023