DE HB38 | 2023-2024 | 152nd General Assembly
Status
Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Passed on April 12 2023 - 100% progression
Action: 2023-04-12 - Signed by Governor
Text: Latest bill text (Engrossed) [HTML]
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Passed on April 12 2023 - 100% progression
Action: 2023-04-12 - Signed by Governor
Text: Latest bill text (Engrossed) [HTML]
Summary
This Act amends the Charter of the Town of Magnolia to update and clarify the authority of the Town to borrow money. Specifically, this Act increases the short-term borrowing limit from $15,000 to $50,000, which borrowings are to be authorized by a majority vote of the Town Council. This Act establishes procedures for the Town Council to borrow up to 15% of the assessed value of real property in the Town pursuant to a super-majority vote of the Town Council following a public hearing on the borrowing. The Towns long-term debt limit pursuant to the favorable vote of the qualified voters is being increased from 15% to 25% of the total assessed value of real property in the Town. This Act clarifies that the owner of more than one lot in an unfinished subdivision may only vote once in a borrowing referendum. This Act makes various miscellaneous changes to internal references to establish consistency with the changes made herein.
Title
An Act To Amend The Town Charter Of The Town Of Magnolia.
Sponsors
Roll Calls
2023-03-30 - House - House Third Reading (Y: 40 N: 0 NV: 0 Abs: 1) [PASS]
2023-03-29 - Senate - Senate Third Reading (Y: 21 N: 0 NV: 0 Abs: 0) [PASS]
2023-01-12 - House - House Third Reading (Y: 37 N: 0 NV: 0 Abs: 4) [PASS]
2023-03-29 - Senate - Senate Third Reading (Y: 21 N: 0 NV: 0 Abs: 0) [PASS]
2023-01-12 - House - House Third Reading (Y: 37 N: 0 NV: 0 Abs: 4) [PASS]
History
Date | Chamber | Action |
---|---|---|
2023-04-12 | Signed by Governor | |
2023-03-30 | Passed By House. Votes: 40 YES 1 ABSENT | |
2023-03-29 | Passed By Senate. Votes: 21 YES | |
2023-03-29 | Amendment SA 1 to HB 38 - Passed By Senate. Votes: 21 YES | |
2023-03-15 | Reported Out of Committee (Elections & Government Affairs) in Senate with 4 On Its Merits | |
2023-03-06 | Amendment SA 1 to HB 38 - Introduced and Placed With Bill | |
2023-01-12 | Assigned to Elections & Government Affairs Committee in Senate | |
2023-01-12 | Passed By House. Votes: 37 YES 4 ABSENT | |
2023-01-11 | Reported Out of Committee (Administration) in House with 5 On Its Merits | |
2023-01-05 | Introduced and Assigned to Administration Committee in House |