2006 Regular Session

SENATE BILL 474

File Code: State Debt (Bond Bills) Crossfiled with: HOUSE BILL 1366
NOTE: Bond bills that received funding in fiscal 2006 were amended into the State's Capital budget (SB 370). Individual bond bills were not acted upon by the legislature, instead the General Assembly amended SB 370 to specifically list the projects it selected for funding. Click here for special information pertaining to 2006 Bond Bills.
Sponsored By:
Senator Pipkin
Entitled:
Creation of a State Debt - Kent County - Chesapeake Fields' Millington Project

Synopsis:

Authorizing the creation of a State Debt not to exceed $700,000, the proceeds to be used as a grant to the Board of Trustees of the Chesapeake Fields Institute, Inc. for the acquisition of 83 acres of farmland to build an agricultural/visitor center and business park located in Millington; providing for disbursement of the loan proceeds, subject to a requirement that the grantee provide and expend a matching fund; and establishing a deadline for the encumbrance or expenditure of the loan proceeds.

History by Legislative Date

Senate Action
2/2
First Reading Budget and Taxation
2/27
Hearing 3/13 at 9:00 a.m.
House Action
No Action

Bill indexed under the following Subjects:

AGRICULTURE -see also- FARMLAND
COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
COMMUNITY FACILITIES AND SERVICES
KENT COUNTY
STATE BONDS
TOURISM

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available    Bond Bill Fact Sheet: Available
The information in the Fact Sheet was provided by the potential grantee of the bond proceeds.
Amendments: None offered