AN ACT TO AMEND CHAPTER 16, VOLUME 54, LAWS OF DELAWARE, ENTITLED "AN ACT TO PROVIDE FOR THE REVERSION OF SCHOOL CONSTRUCTION FUNDS TO THE STATE AND TO THE SCHOOL DISTRICTS IN THE SAME PROPORTION AS SUCH FUNDS WERE APPROPRIATED AND TO STIPULATE HOW THESE FUNDS SHALL BE EXPENDED" BY PROVIDING THAT MONIES DUE ON EXECUTED CONTRACTS AND UNPAID SHALL NOT REVERT AS THEREIN PROVIDED.
Be it enacted by the General Assembly of the State of Delaware:
Section 1. Section 1 of Chapter 16, Volume 54, Laws of Delaware, is amended by adding thereto a new paragraph to read as follows:
Monies due on executed contracts shall not revert as herein provided, but shall be paid by the State Treasurer from the monies appropriated by the State of Delaware and by any local school district under the provisions of the 1960 and 1957 School Construction Acts.
Approved April 27, 1964.