AN ACT MAKING A SUPPLEMENTARY APPROPRIATION TO THE SECRETARY OF TRANSPORTATION FOR CERTAIN INITIAL CAPITAL REQUIREMENTS FOR AND ON BEHALF OF THE GREATER WILMINGTON TRANSPORTATION AUTHORITY.
WHEREAS, the Greater Wilmington Transportation Authority was created on July 15, 1968, pursuant to the provisions of 2 Del. C. § 1601; and
WHEREAS, the Greater Wilmington Transportation Authority has commenced to operate a mass transportation system in New Castle County pursuant to its authority; and
WHEREAS, the Greater Wilmington Transportation Authority has an initial capital requirement totaling Two Million Six Hundred Fifty-five Thousand Four Hundred Seventy-two Dollars ($2,655,472.00), of which amount it has applied to the United States Department of Transportation for a grant, to be in a minimum amount of One Million Two Hundred Forty-nine Thousand Six Hundred Seventy-one Dollars ($1,249,671.00) and a maximum amount of One Million Six Hundred Eighty-six Thousand Nine Hundred Eighty-two Dollars ($1,686,982.00); and
WHEREAS, under the provisions of the Urban Mass Transportation Act, 49 USC § 1601, et seq., the State of Delaware is required to furnish matching funds for all grants made by the United States Department of Transportation.
Be it enacted by the General Assembly of the State of Delaware:
Section 1. There is hereby appropriated to the Secretary of Transportation the sum of One Million Three Hundred Fifty Thousand Dollars ($1,350,000.00) to be expended by the Secretary of Transportation for initial capital requirements for and on behalf of the Greater Wilmington Transportation Authority, which are to include the following: (a) acquisition of all the assets of Delaware Coach Company; (b) acquisition of shop equipment; (c) purchase of fifty-five (55) new buses;
(d) acquisition and construction of garage and parking lot; and (e) working capital.
Section 2. Any of said appropriated funds remaining unexpended at the end of any fiscal year shall not revert to the General Fund, but shall remain for the use of the purpose set forth in this Act.
Section 3. The monies appropriated by this Act shall be paid by the State Treasurer out of monies in the General Fund of the State of Delaware not otherwise appropriated.
Section 4. The Secretary of Transportation shall, upon receipt by the Greater Wilmington Transportation Authority of its grant from the United States Department of Transportation under the provisions of the Urban Mass Transportation Act, 49 USC § 1601, et seq., repay to the General Fund of the State of Delaware all amounts received by said Authority in excess of One Million Two Hundred Forty-nine Thousand Six Hundred Seventy-one Dollars ($1,249,671.00).
Approved June 19, 1969.