RELATING TO SOCIAL SECURITY
AN ACT TO APPROPRIATE FUNDS FOR THE PAYMENT OF STATE CONTRIBUTIONS FOR EMPLOYEE COVERAGE UNDER THE SOCIAL SECURITY ACT.
Be it enacted by the General Assembly of the State of Delaware:
Section 1. There is appropriated for payment of the State of Delaware's contribution for employee coverage under the Social Security Act the sum of $212,250 for the fiscal year beginning July 1, 1953 and the sum of $283,000 for the fiscal year beginning July 1, 1954.
Section 2. There is additionally appropriated the sum of $47,000 for the fiscal year beginning July 1, 1953 and the sum of $94,000 for the fiscal year beginning July 1, 1954. The funds appropriated by this section are to be made available by the Budget Commission for expenditure for the purposes of this Act if there is no change in the tax rates currently in effect in the Federal Insurance Contributions Act. Should such rates be reduced by the Congress of the United States to be effective at any time during the biennium beginning July 1, 1953, any portion of such funds no longer required for the purposes of this Act shall revert immediately to the General Fund.
Section 3. This Act is a supplementary appropriation and the money appropriated shall be paid by the State Treasurer out of the General Fund of the State of Delaware.
Approved June 29, 1953.