summary
Introduced
01/27/2026
01/27/2026
In Committee
01/27/2026
01/27/2026
Crossed Over
Passed
Dead
Introduced Session
153rd General Assembly
Bill Summary
An Act To Decrease State Spending For Fiscal Year 2026.
AI Summary
This bill mandates that by the end of fiscal year 2026, every state agency, higher education institution, and other elective office must identify and transfer at least one percent of their allocated General Fund budget to the Office of Management and Budget (OMB) for reversion to the General Fund, meaning the money will be returned to the state's main treasury. This requirement excludes any funds specifically designated for debt service, which is the payment of interest and principal on borrowed money. The OMB will then manage these returned funds as contingencies and one-time items.
Committee Categories
Government Affairs
Sponsors (4)
Last Action
Introduced and Assigned to Administration Committee in House (on 01/27/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legis.delaware.gov/BillDetail?LegislationId=142823 |
| BillText | https://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=142823&legislationTypeId=1&docTypeId=2&legislationName=HB282 |
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