Delaware’s General Assembly is considering legislation that would set the framework for the state’s borrowing and capital spending through the end of fiscal year 2027.
House Bill 500, known as the Fiscal Year 2027 Bond and Capital Improvements Act, would authorize the state to issue general obligation bonds and allow the Delaware Transportation Authority to issue revenue bonds as well.
The bill also calls for appropriating funds from the Transportation Trust Fund, along with special funds and general funds of the state. In some cases, previously designated state funds would be reprogrammed under the legislation.
Beyond authorizing the spending, the bill lays out specific procedures, conditions, and limitations governing how those funds can be used. It also includes amendments to certain existing state laws.
This type of legislation is a routine but significant part of the state’s annual budget process, determining how Delaware will invest in infrastructure and other capital improvements in the coming fiscal year.
