SPONSOR: Sen. Huxtable & Sen. Townsend & Rep. Carson & Rep. D. Short Sens. Hocker, Pettyjohn, Sokola, Walsh; Reps. Burns, Griffith, Hilovsky, Morrison, Snyder-Hall, Yearick DELAWARE STATE SENATE 153rd GENERAL ASSEMBLY SENATE BILL NO. 86 AN ACT TO AMEND TITLE 29 OF THE DELAWARE CODE RELATING TO THE DELAWARE VOLUNTEER FIRE SERVICE REVOLVING LOAN FUND.
SPONSOR: Sen. Huxtable & Sen. Townsend & Rep. Carson & Rep. D. Short Sens. Hocker, Pettyjohn, Sokola, Walsh; Reps. Burns, Griffith, Hilovsky, Morrison, Snyder-Hall, Yearick
SPONSOR: Sen. Huxtable & Sen. Townsend & Rep. Carson & Rep. D. Short
Sens. Hocker, Pettyjohn, Sokola, Walsh; Reps. Burns, Griffith, Hilovsky, Morrison, Snyder-Hall, Yearick
SPONSOR:
Sen. Huxtable & Sen. Townsend & Rep. Carson & Rep. D. Short
Sens. Hocker, Pettyjohn, Sokola, Walsh; Reps. Burns, Griffith, Hilovsky, Morrison, Snyder-Hall, Yearick
DELAWARE STATE SENATE
153rd GENERAL ASSEMBLY
SENATE BILL NO. 86
AN ACT TO AMEND TITLE 29 OF THE DELAWARE CODE RELATING TO THE DELAWARE VOLUNTEER FIRE SERVICE REVOLVING LOAN FUND.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE: Section 1. Amend 2721, Title 29 of the Delaware Code by making deletions as shown by strike through and insertions as shown by underline as follows and by redesignating accordingly: 2721. Delaware Volunteer Fire Service Revolving Loan Fund. (a) A special fund appropriation account is hereby created in the Department of Finance, to be known as the Delaware Volunteer Fire Service Revolving Loan Fund, hereinafter referred to as the Fund. Sums appropriated by the General Assembly , received from any county of the State, or donated by any person or charitable organization to the Fund shall be used to create a loan program to be administered according to guidelines and procedures developed by the Delaware Council on Volunteer Fire Service to upgrade equipment and improve facilities that are essential to providing adequate fire, rescue, emergency medical medical, and technical emergency response related service to Delaware communities. Loan funds received by a county must be used on upgrading equipment and facilities located within that county. Loan funds shall must not be made available for equipment that has already been ordered or the expansion of facilities or parking that has already begun, except where such expansion is deemed necessary to provide adequate fire, rescue and emergency medical and technical emergency response services to the surrounding community by the Delaware Council on Volunteer Fire Service. The Fund shall serve as a revolving loan account and shall be eligible to receive loan repayments. The Fund shall be deemed a special fund and shall be approved by the Governor for the following purposes: (1) To accept and retain the funds and revenues appropriated by the General Assembly; Assembly, received from any county of the State, or donated by any person or charitable organization. (2) To make loans to eligible volunteer fire, rescue rescue, and emergency medical service companies meeting the criteria established herein; under this section. (3) To buy or refinance debt obligations of eligible volunteer fire, rescue rescue, and emergency medical service companies; companies. (4) To facilitate the pledging by an eligible fire, rescue rescue, and emergency medical service company of its state grant-in-aid and health insurance rebate funds as collateral for securing a loan from the Fund; Fund. (5) To earn interest on amounts on deposit in such Fund; Fund. (6) To establish all necessary interest bearing accounts for deposit of loan repayments; and repayments. (7) To finance the reasonable costs incurred by the State in the administration of the Fund.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. Amend 2721, Title 29 of the Delaware Code by making deletions as shown by strike through and insertions as shown by underline as follows and by redesignating accordingly:
2721. Delaware Volunteer Fire Service Revolving Loan Fund.
(a) A special fund appropriation account is hereby created in the Department of Finance, to be known as the Delaware Volunteer Fire Service Revolving Loan Fund, hereinafter referred to as the Fund. Sums appropriated by the General Assembly , received from any county of the State, or donated by any person or charitable organization to the Fund shall be used to create a loan program to be administered according to guidelines and procedures developed by the Delaware Council on Volunteer Fire Service to upgrade equipment and improve facilities that are essential to providing adequate fire, rescue, emergency medical medical, and technical emergency response related service to Delaware communities. Loan funds received by a county must be used on upgrading equipment and facilities located within that county. Loan funds shall must not be made available for equipment that has already been ordered or the expansion of facilities or parking that has already begun, except where such expansion is deemed necessary to provide adequate fire, rescue and emergency medical and technical emergency response services to the surrounding community by the Delaware Council on Volunteer Fire Service. The Fund shall serve as a revolving loan account and shall be eligible to receive loan repayments. The Fund shall be deemed a special fund and shall be approved by the Governor for the following purposes:
(1) To accept and retain the funds and revenues appropriated by the General Assembly; Assembly, received from any county of the State, or donated by any person or charitable organization.
(2) To make loans to eligible volunteer fire, rescue rescue, and emergency medical service companies meeting the criteria established herein; under this section.
(3) To buy or refinance debt obligations of eligible volunteer fire, rescue rescue, and emergency medical service companies; companies.
(4) To facilitate the pledging by an eligible fire, rescue rescue, and emergency medical service company of its state grant-in-aid and health insurance rebate funds as collateral for securing a loan from the Fund; Fund.
(5) To earn interest on amounts on deposit in such Fund; Fund.
(6) To establish all necessary interest bearing accounts for deposit of loan repayments; and repayments.
(7) To finance the reasonable costs incurred by the State in the administration of the Fund.
SYNOPSIS Currently, the Delaware Volunteer Fire Service Revolving Loan Fund may only obtain funding from the General Assembly through appropriation. This Act would allow for funding and donations to be made by any person, charitable organizations, and counties of the State. When a county contributes to the Fund, the Act requires the Fund ensure county specific contributions are spent on loans to fire companies within that county. This Act also makes technical corrections to conform existing law to the standards of the Delaware legislative Drafting Manual. Author: Senator Huxtable
SYNOPSIS
Currently, the Delaware Volunteer Fire Service Revolving Loan Fund may only obtain funding from the General Assembly through appropriation. This Act would allow for funding and donations to be made by any person, charitable organizations, and counties of the State. When a county contributes to the Fund, the Act requires the Fund ensure county specific contributions are spent on loans to fire companies within that county.
This Act also makes technical corrections to conform existing law to the standards of the Delaware legislative Drafting Manual.
Author: Senator Huxtable