House Bill 60
150th General Assembly (2019 - 2020)
House Administration 2/28/19
The General Assembly has ended, the current status is the final status.
AN ACT TO AMEND TITLE 14 AND TITLE 29 OF THE DELAWARE CODE RELATING TO THE ESTALBISHMENT OF A COMMUNITY COLLEGE INFRASTRUCTURE FUND.
Delaware's statewide community college system, operated by Delaware Technical 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 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.
Takes effect upon being signed into law