TRANSFER OF CERTAIN BALANCES TO THE MAINTENANCE ACCOUNT OF THE GEORGETOWN SPECIAL SCHOOL DISTRICT
AN ACT TO AUTHORIZE AND DIRECT THE STATE TREASURER TO TRANSFER TO THE CURRENT MAINTENANCE ACCOUNT OF THE GEORGETOWN SPECIAL SCHOOL DISTRICT THE SUM OF $5,000.00 APPEARING IN THE STATE TREASURY AS THE DEBT SERVICE ACCOUNT, TO THE CREDIT OF SAID GEORGETOWN * SPECIAL SCHOOL DISTRICT.
WHEREAS, the Georgetown Special School District has over a period of years accumulated a substantial surplus in its Debt Service Account, more than sufficient to meet its needs in that account; and
WHEREAS, there is great need for use by the said Georgetown Special School District of additional funds in the Current Maintenance Account of the said school district for the purpose of improvements to building and equipment, Now, Therefore,
Be it enacted by the Senate and the House of Representatives of the State of Delaware in General Assembly met:
Section 1. That the State Treasurer of the State of Delaware be and he is hereby authorized and directed to transfer the sum of Five Thousand Dollars ($5,000.00) from the Debt Service Account of the Georgetown Special School District to the Current Maintenance Account of the Georgetown Special School District.
Section 2. That the said sum so transferred, as provided for in Section 1 of this Act shall be used by the said school district for improvements to school property and/or equipment upon warrants drawn on the said fund by the proper officer or officers of The Board of Education of the Georgetown Special School District, and the State Treasurer is hereby authorized and directed to pay, from time to time, out of said fund, such warrants.
Approved February 27, 1947.