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DelawareHB 336153rd General Assembly (2024–2026)House

AN ACT TO AMEND THE CHARTER OF THE TOWN OF LAUREL RELATING TO THE POWER TO BORROW MONEY AND ISSUE BONDS.

Sponsored By: Timothy D. Dukes (Republican)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Laurel gains loans with full forgiveness

Laurel can borrow any amount from federal, state, local government, or quasi-government sources with approval from a majority of the Town Council. The Council must approve the borrowing by resolution. Loans must charge no interest, require no principal payments during their term, and forgive 100% of principal. They do not count toward the $17 million borrowing cap or other charter debt limits. They require no special election or referendum and are exempt from the charter’s debt repayment budgeting rules.

Sponsors & Cosponsors

Sponsor

  • Timothy D. Dukes

    Republican • House

Cosponsors

  • Bryant L. Richardson

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 61 • No: 0

Senate vote • 6/24/2026

Passed (3/4 required)

Yes: 21 • No: 0

House vote • 5/12/2026

Passed (2/3 required)

Yes: 40 • No: 0

Actions Timeline

  1. Signed by Governor

    7/23/2026Governor

  2. Passed By Senate. Votes: 21 YES

    6/24/2026Senate

  3. Reported Out of Committee (Elections & Government Affairs) in Senate with 5 Favorable

    5/21/2026Senate

  4. Assigned to Elections & Government Affairs Committee in Senate

    5/12/2026Senate

  5. Passed By House. Votes: 40 YES 1 ABSENT

    5/12/2026House

  6. Reported Out of Committee (Administration) in House with 5 On Its Merits

    5/6/2026House

  7. Introduced and Assigned to Administration Committee in House

    4/9/2026House

Bill Text

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