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DE SB247
Bill
Status
4/23/2026
Primary Sponsor
Spiros Mantzavinos
Click for details
AI Summary
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Authorizes Delaware counties and municipalities to deposit public funds in any depository bank or credit union in the state, expanding options beyond traditional banks
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Requires county receivers of taxes and treasurers to deposit all public money within 3 days of receipt at the county seat
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Aligns local government deposit authority with state government, which already has flexibility to choose where it deposits funds
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Amends Title 9 (County Government) and Title 22 (Municipal Government) of the Delaware Code
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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