SB 247 DE
AN ACT TO AMEND TITLES 9 AND 22 OF THE DELAWARE CODE RELATING TO COUNTY AND MUNICIPAL GOVERNMENT DEPOSITS OF FUNDS.
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Summary
This bill clarifies Delaware law to allow counties and municipalities to deposit their revenues in any depository bank or credit union of their choice. Currently, the State of Delaware has the ability to choose where it deposits its funds, but counties and municipalities do not have the same flexibility. This legislation would extend that same ability to local governments, giving them more options for where to bank their public revenues. The change would apply to both county and municipal deposits under Delaware code.
AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.
Official abstract
This bill clarifies that counties and municipalities can deposit their revenues in any depository bank or credit union. The State of Delaware already can choose where it deposits its money, and this legislation would extend that ability to counties and municipalities.
Sponsors (15)
- Spiros Mantzavinos Democratic · primary
- William Bush Democratic · primary
- Darius J. Brown Democratic · primary
- Marie Pinkney Democratic · primary
- Nicole Poore Democratic · primary
- Bryant L. Richardson Republican · primary
- John "Jack" Walsh Democratic · primary
- David L. Wilson Republican · primary
- Stell Parker Selby · primary
- William J. Carson Democratic · primary
- Eric Morrison Democratic · primary
- Edward S. Osienski Democratic · primary
- Cyndie Romer Democratic · primary
- Claire Snyder-Hall Democratic · primary
- Madinah Wilson-Anton Democratic · primary
Action history (7)
- Mar 5, 2026 Introduced and Assigned to Banking, Business, Insurance & Technology Committee in Senate · upper
- Mar 18, 2026 Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 5 Favorable · upper
- Mar 24, 2026 Passed By Senate. Votes: 21 YES · upper
- Mar 25, 2026 Assigned to Economic Development/Banking/Insurance & Commerce Committee in House · lower
- Apr 14, 2026 Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 2 Favorable, 9 On Its Merits · lower
- Apr 23, 2026 Passed By House. Votes: 35 YES 6 ABSENT · lower
- May 19, 2026 Signed by Governor · executive
Full text
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