HB336 Town of Laurel Charter Amendment - Borrowing and Bond Authority

HB336 amends the charter of the Town of Laurel, Delaware, specifically modifying provisions related to the municipality's power to borrow money and issue bonds. The bill was signed into law by the Governor on April 9, 2026.

Affected parties include the Town of Laurel's government officials, finance department, and residents. Town administrators should review the amended charter to understand any changes to debt issuance procedures, borrowing limits, or bond authorization processes. Municipal bond counsel should be consulted to ensure compliance with the revised charter requirements.