RELATING TO STATE BOARD OF EDUCATION
AN ACT TO AMEND TITLE 14, DELAWARE CODE OF 1953 ENTITLED "EDUCATION" RELATIVE TO THE RETENTION AND USE OF FUNDS RECEIVED BY THE STATE BOARD OF EDUCATION FROM INSURANCE COMPANIES.
Be it enacted by the General Assembly of the State of Delaware:
Section 1. § 126, Title 14, Delaware Code of 1953 is amended by striking out the words "deposited in the General Fund of the State" in lines 3 and 4 and substituting the words "kept in a special fund." The said special fund shall be used by the State Board of Education to pay as far as possible or necessary for the repair or re-building of any building in connection with the loss sustained. Any moneys remaining in the fund after carrying out the provisions of this section shall be deposited in the General Fund of the State.
Approved July 15, 1953.