CHAPTER 374

AN ACT PERMITTING MILLSBORO SCHOOL DISTRICT NO. 23 TO TRANSFER SURPLUS FUNDS FROM A DEBT SERVICE LOCAL FUNDS ACCOUNT TO THE MILLSBORO LOCAL FUNDS ACCOUNT.

WHEREAS, the Millsboro School, District No. 23 has a surplus of approximately $27,153.00 in the account entitled Millsboro School District No. 23 Debt Service Local Funds Account; and

WHEREAS, the said Debt Service Account exceeds in amount any fiscal requirements for the funds therein by some $20,000.00; and

WHEREAS, a Referendum was duly held on June 20, 1964, in the Millsboro School, District No. 23, in which approval of the transfer of $20,000.00 from the Millsboro School, District No. 23 Debt Service Local Funds Account (81-860-00) to the Millsboro School, District No. 23 Local Funds Account (80860-00) was requested; and

WHEREAS, the voters of said Millsboro School, District No. 23 approved the transfer of said sum of $20,000.00 from the Debt Service Account to the Local Funds Account, by a vote of One Hundred and one (101) in favor of said transfer and Nine (9) votes against said transfer;

NOW, THEREFORE,

Be it enacted by the General Assembly of the State of Delaware (three-fourths of all Members elected thereto concurring therein):

Section 1. The Millsboro School, District No. 23 is hereby authorized and empowered to transfer the sum of $20,000.00 from the Millsboro School, District No. 23 Debt Service Local Funds Account (81-860-00) to Millsboro School, District No. 23, Millsboro Local Funds Account (80-860-00).

Approved August 11, 1964.