Delaware House Bill 256 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on January 26 2016 - 25% progression, died in committee
Action: 2016-01-26 - Introduced and Assigned to Transportation/Land Use and Infrastructure Committee in House
Pending: House Transportation/Land Use and Infrastructure Committee
Text: Latest bill text (Draft #1) [HTML]

This bill requires that any one-time settlement money that has a value to the state (after payments and distributions required by the terms of the settlement) of more than $2 million shall be deposited to the Transportation Trust Fund. This promotes fiscal responsibility and integrity by curtailing the use of settlement moneys to offset deficiencies in the General Fund in a manner that is unsustainable – while at the same time providing additional moneys for the chronically under-resourced Transportation Trust Fund. The bill is modeled on a Massachusetts statute requiring similar settlement moneys to be deposited to the state’s rainy day fund. This section does not apply to penalties or fines that are appropriated by statute to the enforcing department or agency.

An Act To Amend Title 2 Of The Delaware Code Relating To The Deposit Of Settlement Proceeds Into The Transportation Trust Fund.

Rep. Sean Matthews [D]	Sen. Karen Peterson [D]	Rep. Sean Lynn [D]	Rep. Michael Ramone [R]
Sen. Gerald Hocker [R]	Sen. Bryant Richardson [R]

Date	Chamber	Action
2016-01-26	House	Introduced and Assigned to Transportation/Land Use and Infrastructure Committee in House

Type	Source
Summary	http://legis.delaware.gov/LIS/lis148.nsf/2bede841c6272c888025698400433a04/35a0727c4596401085257f300052d496?OpenDocument
Text	http://legis.delaware.gov/LIS/lis148.nsf/vwLegislation/HB+256/$file/legis.html?open