AN ACT TO AMEND CHAPTER 55, TITLE 14, DELAWARE CODE, RELATIVE TO APPROPRIATING CERTAIN MONEY TO THE UNIVERSITY OF DELAWARE FOR THE PURPOSE OF ESTABLISHING SCHOLARSHIPS AT THE UNIVERSITY OF DELAWARE.
Be it enacted by the General Assembly of the State of Delaware:
Section 1. § 5501 (a) (b) (c) and (d), Chapter 55, Title 14, Delaware Code, is amended by striking out all of § 5501 (a) (b) (c) and (d) and inserting in lieu thereof the following § 5501 (a) (b) (c) and (d).
a. That there is hereby appropriated the sum of Fifty Thousand Dollars ($50,000.00) annually to the Delaware College, University of Delaware for the purpose of establishing scholarships at Delaware College, University of Delaware.
b. The minimum number of scholarships to be awarded in each and every year shall be forty (40).
c. The committee to award such scholarships shall be three in number, and shall be composed of one member of the faculty at Delaware College, one member of the Athletic Council at Delaware College, and one member of the Alumni Association of Delaware College. The said committee shall be appointed by the Board of Trustees of the University of Delaware for such term or terms as the said Board may deem advisable.
d. The State Treasurer is hereby authorized and directed to pay to the University of Delaware for Delaware College the said sum of Fifty Thousand Dollars ($50,000.00) in each and every year upon warrant or warrants signed by the Chairman and Secretary of the Committee.
Section 2. This Act shall be known as a Supplementary Appropriation Act, and the money hereby appropriated shall be paid out of the General Funds of the State Treasury not otherwise appropriated.
Approved January 5, 1962.