DE HB195 | 2013-2014 | 147th General Assembly
Status
Spectrum: Strong Partisan Bill (Democrat 13-1)
Status: Introduced on June 18 2013 - 25% progression, died in committee
Action: 2014-04-03 - Assigned to Appropriations Committee in House
Pending: House Appropriations Committee
Text: Latest bill text (Draft #1) [HTML]
Status: Introduced on June 18 2013 - 25% progression, died in committee
Action: 2014-04-03 - Assigned to Appropriations Committee in House
Pending: House Appropriations Committee
Text: Latest bill text (Draft #1) [HTML]
Summary
This bill institutes a graduated schedule for Delaware General Obligation Bonds using a as a basis the interest rate announced by Municipal Market Data on March 31 of the year prior to the fiscal year in which the borrowing is undertaken. This graduated schedule modernizes the borrowing limit calculation for general obligation bonds to reflect interest rates. This also lowers the total debt service authorized from 15% to 12.5%.
Title
An Act To Amend Title 29 Of The Delaware Code Relating To Bonds And Notes Of The State.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2014-04-03 | House | Assigned to Appropriations Committee in House |
| 2014-03-26 | House | Reported Out of Committee (HOUSE ADMINISTRATION) in House with 3 On Its Merits |
| 2013-06-18 | House | Introduced in House and assigned to House Administration Committee |
| 2013-06-18 | House | Assigned to House Administration Committee in House |
