Bill > HB475

This bill authorizes capital improvements and the issuance of bonds for the State of Delaware for the fiscal year ending June 30, 2025, with a total appropriation of $1,409,448,938. * **General Obligation Bonds:** Authorizes the issuance of $253,996,067 to $317,480,000 in bonds, with a portion of this for local school bond shares, to fund various capital projects across state agencies. * **General Funds:** Appropriates $753,417,122 to $427,464,897 in General Funds to various departments for capital projects. Any unexpended funds by June 30, 2026, or June 30, 2027, will revert to the General Fund. * **Bond Premium:** Appropriates $47,758,933 to $33,627,938 from bond premiums for specific capital improvement projects across multiple agencies. * **Department of Transportation:** Authorizes $763,128,080 to $774,842,681 from the Transportation Trust Fund for road system projects, grants, allocations, transit systems, and support systems. This includes $26,741,437 to $160,160,258 in new Transportation Trust Fund debt authorization. * **Department of Education:** Allocates $15,000,000 for Minor Capital Improvements and Equipment, and an additional $12,000,000 for Enhanced Minor Capital Improvements, with specific amounts for school districts and charter schools. * **Office of Management and Budget:** Receives significant appropriations for various projects including Legislative Hall improvements, deferred maintenance, and specific agency facility upgrades. * **Other Agencies:** Funds are also allocated to the Department of State, Department of Technology and Information, Delaware State Housing Authority, Department of Health and Social Services, Department of Correction, Department of Natural Resources and Environmental Control, Department of Safety and Homeland Security, Department of Agriculture, Fire Prevention Commission, Delaware National Guard, University of Delaware, Delaware State University, and Delaware Technical Community College for their respective capital needs.