AN ACT CREATING A WILMINGTON CIVIC CENTER OFFICE BUILDING COMMISSION AND AUTHORIZING THE STATE OF DELAWARE TO BORROW MONEY TO BE USED FOR PLANNING, DESIGN AND LAND ACQUISITION FOR A STATE BUILDING IN THE WILMINGTON CIVIC CENTER.
Be it enacted by the General Assembly of the State of Delaware (three-fourths of all the Members Elected to each House concurring therein):
Section 1. There is hereby created the Wilmington Civic Center Office Building Commission, to consist of the Director of State Planning and four other members to be appointed by the Governor and to serve at his pleasure. No more than three of the members shall be members of the same political party.
Section 2. There is appropriated to The Wilmington Civic Center Office Building Commission, created herein, the sum of Six Hundred Thousand Dollars ($600,000), or so much thereof as shall be received from the sale of the bonds and notes hereinafter authorized, which shall be used for the preparation of plans, site evaluation, selection and acquisition for the erection of an office building for State Offices in the proposed Wilmington Civic Center.
Section 3. Any of said appropriated funds remaining unexpended at the end of any fiscal year shall not revert to the General Fund, but shall remain to be used for the purposes set forth in this Act.
Section 4. The said sum of Six Hundred Thousand Dollars ($600,000), shall be borrowed by the issuance of bonds and bond anticipation notes upon the full faith and credit of the State of Delaware. Such bonds and notes shall be issued in accordance with the provisions of Chapter 74, Title 29, Delaware Code. For purpose of identification, the bonds issued pursuant to this authorization Act may be known, styled or referred to as "Wilmington Civic Center State Office Building Bonds of 1964".
Section 5. There is hereby appropriated from the General Fund such sums as may be necessary for the expenses incident to the issuance of the bonds and notes herein authorized, and such further sums as may be necessary to pay any interest which becomes due on such bonds and notes during the current fiscal year, and such further sums as may be necessary for the repayment of the principal of any of the said bonds which become due during the current fiscal year. Vouchers for the payment of the expenses incident to the issuance of bonds and notes for the interest and repayment of said notes shall be signed by the Secretary of State by and with the approval of the Issuing Officers. Any moneys received from the premium and accrued interest on the sale of said bonds shall be deposited to the credit of the General Fund.
Section 6. The Budget Appropriation Bill which shall be enacted and approved by the General Assembly for the fiscal year next following the effective date of this Act and for each subsequent fiscal year or biennium, shall contain under the Debt Service Item provisions for the payment of interest and principal maturities of the bonds (or notes which are not to be funded by the issuance of bonds) issued under the authority of this Act, and such of the revenues of the State of Delaware as are not prohibited by constitutional provisions or committed by preceding statutes for other purposes hereby pledged for the redemption and cancellation of said bonds and payment of interest thereon.
Section 7. The sums hereby appropriated, if not sooner expended shall revert to the General Fund of the State of Delaware on June 30, 1970, for use in reducing the Bonded Indebtedness of the State of Delaware.
Section 8. The Commission hereby created shall be abolised on June 30, 1970.
Section 9. If either the General Services Administration fails to commit itself by April 15, 1964, to locates its new Federal Office Building within the proposed Civic Center Area or the City of Wilmington fails to appropriate, by April 15, 1964, the funds to build the City Office Building in the' Civic Center Area, then the bond authorization of this Act shall be null and void.
Approved February 28, 1964.