DelawareDelaware cities and towns could deposit revenue in credit unions
Delaware cities and towns could put any revenue in a bank or credit union despite other state laws or local charters; counties could use credit unions at county seats.
What it does
Cities and towns could put any revenue in a bank or credit union that accepts deposits, even if another Delaware law or their local charter says otherwise.
County tax and finance officials could use a credit union in Delaware at the county seat for all public money received. Their existing three-day deposit deadline still applies.
Argument forMore deposit choices could help cities and towns find a bank or credit union that fits their needs.
Argument againstIf a city or town charter limits deposit choices, overriding it could reduce local control over where officials keep public revenue.
More detail
Cities and towns could deposit any revenue in a bank or credit union that accepts deposits. This covers any revenue of Delaware cities and towns. They could do so even if another Delaware law or their local charter says otherwise.
County tax and finance officials could deposit public money in a credit union. This covers all public money received and credited to the county. The credit union must be in Delaware at the county seat. The existing county rule requires deposits within three days of receipt.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- May 19Signed by Governor Matt MeyerBecame Law
- Apr 23Passed By House. Votes: 35 YES 6 ABSENTPassed House
- Vote recorded Passage. Result: pass.Lower
- Apr 14Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 2 Favorable, 9 On Its MeritsMinor
- Mar 25Assigned to Economic Development/Banking/Insurance & Commerce Committee in HouseMinor
- Mar 24Passed By Senate. Votes: 21 YESPassed Senate
- Vote recorded Passage. Result: pass.Upper
- Mar 18Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 5 FavorableMinor
- Mar 5Introduced and Assigned to Banking, Business, Insurance & Technology Committee in SenateIntroduced
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