AN ACT AUTHORIZING THE STATE OF DELAWARE TO BORROW MONEY TO BE USED FOR CAPITAL IMPROVEMENTS AND EXPENDITURES IN THE NATURE OF CAPITAL INVESTMENTS FOR MENTAL HEALTH IN THE AMOUNT OF $2,750,000 AND FOR DELAWARE INSTITUTE OF TECHNOLOGY IN THE AMOUNT OF $1,540,000 AND TO ISSUE BONDS AND NOTES THEREFOR.
Be it enacted by the General Assembly of the State of Delaware (three-fourths of all Members elected to each House thereof concurring therein):
Section 1. There is appropriated to the agencies of this State set forth in Section 7 hereof the sum of $4,290,000, or so much thereof as shall be received from the sale of bonds and notes hereinafter authorized, which shall be used for the purposes set forth in Section 7 of this Act.
Section 2. The funds appropriated by this Act may be used for the costs incidental to the uses set forth in Section 7 of this Act and are to include but not be limited to design, planning, land acquisition, acquisition of utility and service areas, construction, repairing, remodeling, equipping, landscaping and inspection costs but are not to be used for ordinary or normal maintenance expenses of properties or for education supplies.
Section 3. Any of the funds appropriated herein 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 $4,290,000 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 purposes of identification, the bonds issued pursuant to this authorization act may be known, styled or referred to as "Capital Improvement Bonds of 1968".
Section 5. There is appropriated from the General Fund of the State 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 and 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 monies 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 are hereby pledged for the redemption and cancellation of said bonds and payment of interest thereon.
Section 7. The monies appropriated herein, or so much thereof as is necessary to carry out the purposes of this Act, shall be expended by the following agencies as follows:
(a) Department of Mental Health for construction of Sussex County Treatment Unit and construction of addition to Kent County Treatment Unit $2,750,000
(a) Board of Trustees of the Delaware Institute of Technology for the conversion of the William Jason High School at Georgetown into a Technical School Facility $1,540,000
Section 8. Any funds borrowed pursuant to this Act and remaining unexpended after the completion of the programs authorized by this Act, and any funds borrowed pursuant to this Act and remaining unexpended because a project authorized by this Act is not timely undertaken, shall be deposited in a special account and appropriated against future capital improvement bond requirements.
Section 9. Any Federal funds received as reimbursement for funds appropriated by this Act shall be deposited in a special account and applied against future capital improvement bond requirements.
Section 10. None of the monies appropriated by this Act shall be expended unless a contract for the expenditure of such monies is entered into before July 1, 1968, and the actual work on the construction contract for any construction authorized by this Act is commenced prior to July 1, 1968.
Section 11. No bonds or notes shall be issued or monies borrowed on behalf of this State, pursuant to this Act, after July 1, 1970.
Approved March 3, 1967.