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]

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.

Tracking Information

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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]

History

DateChamberAction
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

Delaware State Sources


Bill Comments

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