Senate Bill 140
149th General Assembly (2017 - 2018)
Bill Progress
Out of Committee 6/21/18
The General Assembly has ended, the current status is the final status.
Bill Details
1/10/18
AN ACT PROPOSING AN AMENDMENT TO THE DELAWARE CONSTITUTION RELATING TO RESTRICTIONS ON THE EXPENDITURE OF MONEYS IN CERTAIN SPECIAL FUNDS.
This Act is the first leg of a constitutional amendment that limits the ability of the State to appropriate moneys in a special fund created, after January 1, 2018, to fund capital projects with a dedicated revenue source and with a limitation on the amount or percentage of the revenue source that may be used for non-capital operating or administrative expenses.
This Act essentially creates a lock box on these special funds that can only be opened by the agreement of three-fourths of all the members elected to each House through legislation separate from an annual budget act, bond and capital improvement act, or grants-in-aid act.
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Takes effect upon being signed into law
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