CHAPTER 70

TRANSFERRING FUNDS TO OAK GROVE SCHOOL DISTRICT CONSTRUCTION ACCOUNT

AN ACT TO TRANSFER CERTAIN FUNDS TO THE SCHOOL CONSTRUCTION ACCOUNT OF OAK GROVE SCHOOL DISTRICT NO. 130 IN NEW CASTLE COUNTY.

Be it enacted by the General Assembly of the State of Delaware:

Section 1. The sum of Twenty-five Thousand Dollars ($25,000), which sum has heretofore been levied and collected by Oak Grove School District No. 130 in New Castle County in excess of the moneys needed for the payment of principal and interest on its bonds, is transferred to the construction account of the Oak Grove School District No. 130 in New Castle County for use by the Oak Grove School Building Commission or the Board of School Trustees of Oak Grove School District No. 130 for the purchase of equipment in accordance with the approved school construction program.

Approved May 13, 1953.