A BOND AND CAPITAL IMPROVEMENTS ACT OF THE STATE OF DELAWARE AND CERTAIN OF ITS AUTHORITIES FOR THE FISCAL YEAR ENDING JUNE 30, 2026; 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.
SB 30 authorizes Delaware to issue general obligation bonds and revenue bonds for transportation and capital projects during fiscal year 2026. It appropriates funds from the Transportation Trust Fund and state general funds, reallocates existing funds, and sets spending rules for infrastructure improvements like roads and bridges. The bill directly affects Delaware taxpayers (through bond financing) and state agencies managing transportation infrastructure, such as the Delaware Transportation Authority. It does not create new policies but provides the financial mechanism to fund existing capital projects.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 15, 2025
Last action Jan 15, 2025
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1
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Committee
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Jan 15, 2025
Introduced
Introduced and Assigned to Capital Improvement Committee in Senate
upper
8 primary · 0 co-sponsors
Sponsors
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