Darius Brown
- Democratic
- Senator
- District 2
Primary
This Act creates the Delaware Community Investment Venture Fund to develop opportunities for banking organizations and credit unions doing business in Delaware to better serve the needs of low to moderate income tracts in Delaware. The source of funds will be transfers from the Delaware State Bank Commissioner Regulatory Revolving Fund (established in Section 105 of Title 5), which currently has an amount in excess of that needed to cover the operating expenses of the Office of the State Bank Commissioner. The initial transfer will be up to $2.5 million, plus another $250,000 for expenses. Thereafter, additional transfers of up to $500,000 each fiscal year are authorized. No further transfers are authorized after June 30, 2028, unless further legislation is approved by the General Assembly.
Signed by Governor
Passed By House. Votes: 36 YES 5 ABSENT
Reported Out of Committee (Appropriations) in House with 1 Favorable, 3 On Its Merits
Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 3 Favorable, 6 On Its Merits
Assigned to Economic Development/Banking/Insurance & Commerce Committee in House
Passed By Senate. Votes: 21 YES
Amendment SA 1 to SS 1 - Passed By Senate. Votes: 20 YES 1 ABSENT
Amendment SA 1 to SS 1 - Introduced and Placed With Bill
Adopted in lieu of the original bill SB 83, and Assigned to Banking, Business, Insurance & Technology Committee in Senate
Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 1 Favorable, 4 On Its Merits
| Bill Text Versions | Format |
|---|---|
| Bill Text | PDF HTML |
| SA 1 to SS 1 for SB 83 | HTML PDF |
| Document | Format |
|---|---|
| Fiscal Note |
Data on Open States is updated periodically throughout the day from the official website of the Delaware General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.