Delaware Senate Bill 83

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Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 7-1)
Status: Passed on September 21 2023 - 100% progression
Action: 2023-09-21 - Signed by Governor
Text: Latest bill text (Engrossed) [HTML]

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.

An Act To Amend Title 5 Of The Delaware Code Relating To The Delaware Community Investment Venture Fund.

Sen. Darius Brown [D]	Rep. Sherry Dorsey Walker [D]	Rep. William Bush [D]	Sen. Elizabeth Lockman [D]
Sen. Spiros Mantzavinos [D]	Sen. Marie Pinkney [D]	Sen. Bryant Richardson [R]	Rep. Kendra Johnson [D]

2023-06-13 - House - House Third Reading (Y: 36 N: 0 NV: 0 Abs: 5) [PASS]
2023-05-11 - Senate - Senate Third Reading (Y: 21 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2023-09-21		Signed by Governor
2023-06-13		Passed By House. Votes: 36 YES 5 ABSENT
2023-06-09		Reported Out of Committee (Appropriations) in House with 1 Favorable, 3 On Its Merits
2023-06-07		Assigned to Appropriations Committee in House
2023-06-06		Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 3 Favorable, 6 On Its Merits
2023-05-12		Assigned to Economic Development/Banking/Insurance & Commerce Committee in House
2023-05-11		Passed By Senate. Votes: 21 YES
2023-05-11		Amendment SA 1 to SS 1 - Passed By Senate. Votes: 20 YES 1 ABSENT
2023-05-04		Amendment SA 1 to SS 1 - Introduced and Placed With Bill
2023-05-02		Reported Out of Committee (Finance) in Senate with 4 On Its Merits
2023-04-26		Assigned to Finance Committee in Senate
2023-04-26		Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 1 Favorable, 4 On Its Merits
2023-04-26		Adopted in lieu of the original bill SB 83, and Assigned to Banking, Business, Insurance & Technology Committee in Senate

Type	Source
Summary	https://legis.delaware.gov/BillDetail?LegislationId=130255
Text	https://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=130202&legislationTypeId=1&docTypeId=2&legislationName=SB83
Text	https://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=130255&legislationTypeId=6&docTypeId=2&legislationName=SS1forSB83
Text	https://legis.delaware.gov/json/BillDetail/GenerateHtmlDocumentEngrossment?engrossmentId=25771&docTypeId=6
Roll Call	https://legis.delaware.gov/json/RollCall/GetRollCallVoteByRollCallId#54403
Roll Call	https://legis.delaware.gov/json/RollCall/GetRollCallVoteByRollCallId#54609