AN ACT TO AMEND CHAPTER 74, TITLE 29, DELAWARE CODE, RELATING TO THE LIMITATION ON THE AMOUNT OF BONDED INDEBTEDNESS.
Be it enacted by the General Assembly of the State of Delaware:
Section 1. Section 7422, Chapter 74, Title 29, Delaware Code, is amended by striking the dash in the third line thereof and all subsections that appear thereafter and by substituting the following language:
2.8 times the total revenues of the fiscal year ending April 30, 1969 and of each succeeding fiscal year as of April 30 of that year.
Approved June 26, 1969.