CHAPTER 162

STATE HOUSING BOARD AND HOUSING AUTHORITY

AN ACT TO AMEND CHAPTER 160 OF THE REVISED CODE OF DELAWARE, 1935, RELATIVE TO THE HOUSING AUTHORITY LAW BY REPEALING THE AUTHORITY TO MAKE LOANS FROM THE GENERAL FUND OF THE STATE.

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

Section 1. That Chapter 160 of the Revised Code of Delaware, 1935, be and the same is hereby amended by repealing and striking out from 5461. Section 38, thereof, the following:

"The Treasurer of the State, with the written approval of the Attorney General of the State as to the constitutional and legal authority of the said Treasurer to make such a loan, may lend to an Authority, from the general fund of the State, a sum or sums of money not exceeding at any one time twenty thousand dollars in the aggregate. All sums so advanced shall constitute an indebtedness of the Authority and shall be repaid out of any funds which the Authority may have available for such purpose at any time."

Approved May 13, 1939.