CHAPTER 279 - MOTOR VEHICLES RELIEVING THE STATE FROM THE PAYMENT OF INTEREST ON MONEYS DEPOSITED WITH THE STATE TREASURER AS PROOF OF FINANCIAL RESPONSIBILITY

AN ACT TO AMEND 5707 SEC, 169 OF CHAPTER 165 OF THE REVISED CODE OF DELAWARE, 1935, RELATING TO MOTOR VEHICLES BY RELIEVING THE STATE FROM THE PAYMENT OF INTEREST ON MONEYS DEPOSITED WITH THE STATE TREASURER AS PROOF OF FINANCIAL RESPONSIBILITY REQUIRED OF CERTAIN PERSONS.

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

Section 1. That 5707. Sec. 169 of Chapter 165 of the Revised Code of Delaware, 1935, be and the same is hereby amended by striking out and repealing the next to the last sentence thereof, reading as follows:

"The State Treasurer shall accept any such deposits and issue receipts therefor and the State shall pay interest on all such deposits that shall be made in cash at the rate of three per centum (3%) per annum.", and by inserting in lieu thereof a new sentence as follows:

"The State Treasurer shall accept any such deposits and issue receipts therefor."

Approved March 16, 1945.