Bill > HB475

This bill is the Fiscal Year 2025 Bond and Capital Improvements Act. It authorizes the issuance of general obligation bonds and revenue bonds, and appropriates funds from various state sources including the Transportation Trust Fund, the General Fund, and bond premiums, for a variety of capital projects and programs across multiple state agencies and departments. Key provisions include: - Authorizing the issuance of up to $317.5 million in general obligation bonds and $160.2 million in transportation revenue bonds to fund capital projects. - Appropriating $427.5 million in General Funds for capital projects, including funding for higher education, health and social services, corrections, natural resources, and education. - Providing $33.6 million from bond premiums for various facility maintenance, improvement, and construction projects. - Authorizing the use of $774.8 million from the Transportation Trust Fund for road, bridge, and transit system projects and programs. - Establishing new or continuing various special funds and programs related to affordable housing, urban redevelopment, school construction, and other initiatives. - Granting the Office of Management and Budget authority over construction management and design-build contracting for certain projects. - Containing numerous provisions related to school construction, funding, and policy.

Transportation and Infrastructure

https://legis.delaware.gov/BillDetail?LegislationId=141649