AN ACT TO AMEND CHAPTER 429, VOLUME 55, LAWS OF DELAWARE, ENTITLED "AN ACT AUTHORIZING THE STATE OF DELAWARE TO BORROW MONEY TO BE USED FOR CAPITAL IMPROVEMENTS AND EXPENDITURES IN THE NATURE OF CAPITAL INVESTMENTS AND TO ISSUE BONDS AND NOTES THEREFOR AND APPROPRIATING THE MONEY BORROWED TO VARIOUS AGENCIES OF THE STATE" BY ADDING A SUPPLEMENTARY APPROPRIATION TO PROVIDE FOR ESCALATING COSTS OF SCHOOL CONSTRUCTION.
WHEREAS, the Laurel Special School District is now preparing to construct a high school building under authority of 1966 Capital Improvement Act, Chapter 429, Volume 55, Laws of Delaware, in the amount of $1,880,000 ($1,128,000 state; $752,000 local); and
WHEREAS, the amounts authorized are insufficient to construct these two buildings under the prior formula of $24 per square foot as authorized in Chapter 429, Volume 55, Laws of Delaware; and
WHEREAS, the school districts in the 1968 Capital Improvement Program were authorized to spend $30 per square foot in Chapter 414, Volume 56, Laws of Delaware; and
WHEREAS, the school districts in the 1969 Capital Improvement Program were authorized to spend $30 per square foot in Chapter 469, Volume 56, Laws of Delaware; and
Be it enacted by the General Assembly of the State of Delaware (three-fourths of all the members elected to each House thereof concurring therein):
Section 1. Chapter 429, Volume 55, Laws of Delaware, is hereby amended at the end of Section 1 thereof by adding the following:
"Notwithstanding any other provisions of this Act an additional sum of $568,000 is hereby appropriated by the General Assembly and assigned to the State Board of Education for the purpose of the administration of Section 8 of said Act."
The purpose of such appropriation shall be for the assignment of funds to the Laurel Special School District in addition to such funds as is provided in Section 8 of said Act. Such addition of funds is to be used solely for the purpose of meeting escalating construction costs wherein bids for school construction exceed the maximum sums provided in said Act except that the State Board of Education shall not allocate to the Laurel Special School District an amount in excess of $30 per square foot of new school construction. Determination of amounts of money to be assigned to the Laurel Special School District shall be within the discretion of the State Board of Education according to the usual sixty (60) percent State—forty (40) percent local basis.
The total funds hereby appropriated ($1,696,000 State; $1,130,000 local) shall be continued and not revert as otherwise required by law until June 30, 1970, other provisions of this Act notwithstanding.
Approved June 20, 1969.