Delaware General Assembly

Lieu/Substituted 3/23/19

The General Assembly has ended, the current status is the final status.

SB 50

3/20/19

McDowell

Rep. Osienski

Sen. McBride, Poore, Brown, Lockman, Sokola, Sturgeon
Reps. Baumbach, Bolden, Brady, Heffernan, Jaques, Ramone

AN ACT TO AMEND TITLE 14 AND TITLE 29 OF THE DELAWARE CODE RELATING TO THE ESTABLISHMENT OF A COMMUNITY COLLEGE INFRASTRUCTURE FUND.

Delaware's statewide community college system, operated by Delaware Technical and Community College (“the College”), plays a critical role in the State's economy by providing workforce development, vocational training and transfer education that connects Delawareans with good paying jobs within the State and region. This Act gives the College’s Board of Trustees the authority to issue bonds to finance the cost of major and minor capital improvements, deferred maintenance, and the acquisition of related equipment and educational technology and establishes the Community College Infrastructure Fund (“the Fund”) to pay the principal and interest on such bonds. This Act is a substitute for and differs from Senate Bill No. 50 by deleting the property tax component and capitalizes the Fund instead by an annual appropriation equal to 10% of the amounts appropriated to public education in the previous year’s bond and capital improvement act, together with such other funds as may be deposited by the College from sources including, but not limited to, tuition and fees, private funds, grants and federal support. This Act also provides a mechanism, but not an obligation, for the state to provide matching funds for minor capital improvement projects consistent with existing matching provisions for public education. This Act also makes technical corrections to conform existing law to the standards of the Delaware Legislative Drafting Manual.

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Takes effect upon being signed into law

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