SENATE JOINT RESOLUTION
PROVIDING FOR THE WITHDRAWAL FROM THE SOUTHERN REGIONAL EDUCATION COMPACT.
WHEREAS, by virtue of that certain Senate Joint Resolution adopted April 5, 1955, and set forth as Chapter 646, Volume 50, Laws of Delaware, the General Assembly of the State of Delaware adopted the Southern Regional Education Compact; and
WHEREAS, the Compact in part provides and sets forth a means for withdrawal therefrom which reads as follows:
"After becoming effective this compact shall thereafter continue without limitation of time; provided, however, that it may be terminated at any time by unanimous action of the States and provided further that any State may withdraw from this compact if such withdrawal is approved by its legislature, such withdrawal to become effective two (2) years after written notice thereof to the Board accompanied by a certified copy of the requisite legislative action, but such withdrawal shall not relieve the withdrawing State from its obligations hereunder accruing up to the effective date of such withdrawal. Any State so withdrawing shall ipso facto cease to have any claim to or ownership of any of the property held or vested in the Board or to any of the funds of the Board held under the terms of this compact"; and
WHEREAS, the State of Delaware has found the objectives most worthwhile, yet it is believed that Delaware cannot materially contribute to or benefit from the Compact's objectives,
BE IT RESOLVED, by the Senate of the 122nd General Assembly of the State of Delaware, the House of Representatives concurring therein, that
Section 1. The State of Delaware does hereby withdraw from the Southern Regional Education Compact subject to the agreements, covenants and obligations therein set forth and binding upon the State.
Section 2. The Secretary of the Senate of the 122nd General Assembly is directed to send forthwith a certified copy of this Senate Joint Resolution to the Board of Control for Southern Regional Education, and the Secretary of the Senate of the 122nd General Assembly shall notify said Board in writing of the withdrawal of the State of Delaware from said Compact such withdrawal to become effective as therein provided, to-wit two (2) years after written notice is submitted to the Board accompanied by a certified copy of the requisite legislative action.
Approved May 8, 1963.