Delaware House Bill 286 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 8-0)
Status: Passed on June 30 2022 - 100% progression
Action: 2022-06-30 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]

According to the American Society of Civil Engineers, the useful life of the components of typical sewer and wastewater systems ranges from 15 years to 100 years. In light of the long life of sewer and wastewater infrastructure, longer maturities are appropriate for bonds issued to fund such infrastructure. This bill extends the maturity of bonds permitted to be issued by New Castle County from 30 years to 40 years for both sewer and wastewater projects, recognizing the long life of such assets. Extending the maturities of sewer and wastewater infrastructure-related bonds will enable New Castle County to access federal programs that allow for longer-duration repayment periods, such as the Water Infrastructure and Innovation Act and the U.S. Department of Agriculture loan program for sewer, solid waste and stormwater drainage in eligible rural areas. Furthermore, longer maturities reduce the debt service burden on the Countys operating budget.

An Act To Amend Title 9 Of The Delaware Code To Extend The Permitted Maturities Of Bonds For Sewer And Wastewater Treatment In New Castle County.

Rep. Edward Osienski [D]	Sen. Spiros Mantzavinos [D]	Sen. Bruce Ennis [D]	Sen. Stephanie Hansen [D]
Sen. David Sokola [D]	Rep. Paul Baumbach [D]	Rep. Debra Heffernan [D]	Rep. John Mitchell [D]

2022-06-21 - Senate - Senate Third Reading (Y: 20 N: 0 NV: 0 Abs: 1) [PASS]
2022-05-17 - House - House Third Reading (Y: 36 N: 0 NV: 0 Abs: 5) [PASS]

Date	Chamber	Action
2022-06-30		Signed by Governor
2022-06-21		Passed By Senate. Votes: 20 YES 1 ABSENT
2022-06-08		Reported Out of Committee (Elections & Government Affairs) in Senate with 5 On Its Merits
2022-05-17		Assigned to Elections & Government Affairs Committee in Senate
2022-05-17		Passed By House. Votes: 36 YES 5 ABSENT
2022-03-22		Reported Out of Committee (Transportation/Land Use and Infrastructure) in House with 2 Favorable, 4 On Its Merits
2022-01-13		Introduced and Assigned to Transportation/Land Use and Infrastructure Committee in House

Type	Source
Summary	https://legis.delaware.gov/BillDetail?LegislationId=79088
Text	https://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=79088&legislationTypeId=1&docTypeId=2&legislationName=HB286
Roll Call	https://legis.delaware.gov/json/RollCall/GetRollCallVoteByRollCallId#53235
Roll Call	https://legis.delaware.gov/json/RollCall/GetRollCallVoteByRollCallId#53590