Delaware · Senate Bill 83 · 152nd General Assembly

Delaware Community Investment Venture Fund/Create

SB 83 Sponsored by Darius J. Brown Withdrawn

  1. Introduced Apr 19, 2023
  2. In committee Apr 19, 2023
  3. Withdrawn  
  4. Passed the House  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

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…

Read the full title (125 words)

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.

Every action

14 steps, oldest first, as the legislature records them.

Show the 6 earlier steps
  1. CommitteeIntroduced and Assigned to Banking, Business, Insurance & Technology Committee in Senate · Senate Banking, Business, Insurance & Technology
  2. SenateSubstituted in Senate by SS 1 for SB 83
  3. SenateSS 1 for SB 83 - Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 1 Favorable, 4 On Its Merits
  4. SenateSS 1 for SB 83 - Assigned to Finance Committee in Senate
  5. SenateSS 1 for SB 83 - Reported Out of Committee (Finance) in Senate with 4 On Its Merits
  6. SenateSubstituted in Senate by SS 1 for SB 83
  1. SenateSS 1 for SB 83 - - Passed By Senate. Votes: 20 YES 1 ABSENT
  2. SenateSS 1 for SB 83 - Passed By Senate. Votes: 21 YES
  3. HouseSS 1 for SB 83 - Assigned to Economic Development/Banking/Insurance & Commerce Committee in House
  4. HouseSS 1 for SB 83 - Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 3 Favorable, 6 On Its Merits
  5. HouseSS 1 for SB 83 - Assigned to Appropriations Committee in House
  6. HouseSS 1 for SB 83 - Reported Out of Committee (Appropriations) in House with 1 Favorable, 3 On Its Merits
  7. HouseSS 1 for SB 83 - Passed By House. Votes: 36 YES 5 ABSENT
  8. SS 1 for SB 83 - Signed by Governor

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 3 cosponsors: 2 Democrats, 1 Republican.

All 3 cosponsors

From Delaware's official records (legis.delaware.gov), checked Nov 1, 2026. Text links go to the official versions; LegiList does not copy bill text.