CHAPTER 15 - TRANSFER OF FUNDS FOR USE OF UNIVERSITY OF DELAWARE STATE COLLEGE FOR COLORED STUDENTS AND STATE BOARD OF VOCATIONAL EDUCATION

AN ACT TO AMEND ARTICLE 8, CHAPTER 6 OF THE REVISED CODE OF THE STATE OF DELAWARE AS AMENDED BY CHAPTER 6, VOLUME 36, LAWS OF DELAWARE.

Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:

Section 1. That Article 8, Chapter 6 of the Revised Code of Delaware as amended by Chapter 6, Volume 36, Laws of Delaware, be and the same is hereby amended by inserting a new paragraph as follows:

For the fiscal year beginning July 1, 1935, and ending June 30, 1936, the sum of Four Hundred and Nineteen Thousand Five Hundred and Twenty-nine Dollars and Fifty-three cents ($419,529.53) shall be paid by the State Tax Department out of the proceeds of the franchise tax as established by Article 8, Chapter 6 of the Revised Code of Delaware and assessed and collected thereunder; and, for the fiscal year beginning July 1, 1936, and ending June 30, 1937, a further sum of Four Hundred and Nineteen Thousand, Five Hundred and Twenty-nine Dollars and Fifty-three cents ($419,529.53) shall likewise be paid by the State Tax Department out of the proceeds of the Franchise Tax as established by Article 8, Chapter 6 of the Revised Code and assessed and collected thereunder, to the State Treasurer. The sums so paid as aforesaid to the State Treasurer shall be deposited by him and such sums shall be utilized as follows:

1. For the payments of the sums set forth and appropriated in the General Appropriation Act of the One Hundred Fifth General Assembly of the State of Delaware under item J "Education", and comprising sums appropriated for the University of Delaware, the State College for Colored and the State Board Vocational Education, to-wit, Three Hundred and Twenty-nine Thousand, Five Hundred and Twenty-nine Dollars and Fifty-three cents ($329,029.53)* for the fiscal year beginning July 1, 1935, and ending June 30, 1936, and Three Hundred and Twenty-nine Thousand, Five Hundred and Twenty-nine Dollars and Fifty-three cents ($329,029.53)* for the fiscal year beginning July 1, 1936, and ending June 30, 1937, which said sums are appropriated for such purposes.

(*So enrolled)

2. There is hereby appropriated out of the funds to be so transferred for the fiscal year beginning July 1, 1935, and ending June 30, 1936, the sum of ninety thousand dollars, and the further sum of ninety thousand dollars is hereby appropriated out of the funds to be so transferred for the fiscal year beginning July 1, 1936, and ending June 30, 1937, the sums so appropriated shall be paid out of the funds to be transferred in accordance with this Act, and shall be utilized for the operation and maintenance of the State Tax Department for the fiscal years set forth herein.

The provisions of this Section, and the provisions of paragraph numbered 4, Section 58, Article XIII, Chapter 160, Volume 32, Laws of Delaware, and all other Acts, insofar as they may relate to and are in conflict with the payment of the proceeds of the franchise tax by the State Tax Department to the State Treasurer to be by him deposited as hereinbefore provided are declared to be and are hereby suspended to the extent and purport of this Act only until the State Treasurer shall have certified to the State Tax Department that the total sum of Eight Hundred Thirty-nine Thousand and Fifty-nine Dollars and Six Cents ($839,059.06), has been deposited as hereinabove provided; and, upon such certification, the said above mentioned provisions of said Acts, so as aforesaid declared to be suspended, shall again be in full force, operation and effect.

Approved March 20, 1935.