Senate Bill 140
149th General Assembly (2017 - 2018)
Out of Committee 6/21/18
The General Assembly has ended, the current status is the final status.
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.
Takes effect upon being signed into law