CHAPTER 288

TRANSFER OF FUNDS

AN ACT AUTHORIZING AND DIRECTING THE STATE TREASURER TO TRANSFER ALL MONIES AND INVESTMENTS IN THE SINKING FUND OF THIS STATE TO THE GENERAL FUND OF THE STATE OF DELAWARE.

WHEREAS, the Sinking Fund Commissioner has over a period of years accumulated a substantial surplus represented by cash and investments in its Sinking Fund; and

WHEREAS, the said Sinking Fund is an inactive account in as much as all bonds to be retired from said Fund have been retired; NOW, THEREFORE

Be it enacted by the Senate and 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 all monies and investments in the Sinking Fund, established by 411. Sec. 14., Revised Code of Delaware, 1935, to the General Fund of the State of Delaware.

Approved June 16, 1949