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SPONSOR: Sen. Mantzavinos & Rep. Bush
Sens. Brown, Pinkney, Poore, Richardson, Walsh,
Wilson; Reps. Berry, Burns, Carson, Lambert, Morrison,
Osienski, Romer, Snyder-Hall, Wilson-Anton
DELAWARE STATE SENATE
153rd GENERAL ASSEMBLY
SENATE BILL NO. 247
AN ACT TO AMEND TITLES 9 AND 22 OF THE DELAWARE CODE RELATING TO COUNTY AND MUNICIPAL
GOVERNMENT DEPOSITS OF FUNDS.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (Two-thirds of all members
elected to each house thereof concurring therein):
1 Section 1. Amend § 8427, Title 9 of the Delaware Code by making deletions as shown by strike through and
2 insertions as shown by underline as follows:
3 § 8427. Deposit of funds.
4 The receiver of taxes and county treasurer or director of finance shall deposit in any depository bank or credit
5 union in the State at his or her the county seat, to the credit of his or her the county, all public money received, by him or
6 her, within 3 days of the receipt thereof. The same shall remain therein, unless determined by the county government to be
7 idle or surplus and thereupon by order or authorization invested in accordance with § 4122 of this title, or until drawn by
8 him or her in payment of legal demands, or in the transfer thereof to his or her a successor.
9 Section 2. Amend Chapter 1, Title 22 of the Delaware Code by making insertions as shown by underline as
10 follows:
11 §120. Deposits of Revenue.
12 Notwithstanding any provision in the Delaware Code or a Municipal Charter, a municipality may deposit any
13 revenue in any depository bank or credit union.
SYNOPSIS
This bill clarifies that counties and municipalities can deposit their revenues in any depository bank or credit
union. The State of Delaware already can choose where it deposits its money, and this legislation would extend that ability
to counties and municipalities.
Author: Senator Mantzavinos
SD : FJM : ALW Page 1 of 1 Released: 03/04/2026 01:05 PM
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