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DE SB247

Bill

Status

Enrolled

4/23/2026

Primary Sponsor

Spiros Mantzavinos

Click for details

Origin

Senate

153rd General Assembly

AI Summary

  • Authorizes Delaware counties and municipalities to deposit public funds in any depository bank or credit union in the state, expanding options beyond traditional banks

  • Requires county receivers of taxes and treasurers to deposit all public money within 3 days of receipt at the county seat

  • Aligns local government deposit authority with state government, which already has flexibility to choose where it deposits funds

  • Amends Title 9 (County Government) and Title 22 (Municipal Government) of the Delaware Code

  • Requires two-thirds approval from both houses of the General Assembly to pass

Legislative Description

An Act To Amend Titles 9 And 22 Of The Delaware Code Relating To County And Municipal Government Deposits Of Funds.

Last Action

Passed By House. Votes: 35 YES 6 ABSENT

4/23/2026

Committee Referrals

Economic Development/Banking/Insurance & Commerce3/25/2026
Banking, Business, Insurance & Technology3/5/2026

Full Bill Text

No bill text available