CHAPTER 356

FORMERLY

HOUSE BILL NO. 592

AN ACT TO AMEND CHAPTER 70, TITLE 6, DELAWARE CODE, RELATING TO REQUIREMENTS FOR ADVANCE RENTAL RESERVE ON AIR AND WATER POLLUTION CONTROL AND INDUSTRIAL PROJECTS AND FURTHER CLARIFYING THE DEFINITION OF "PROJECT".

Be it enacted by the General Assembly of the State of Delaware (Three-fourths of all of the members of each house concurring therein):

Section 1. Amend Section 7002 (4), Title 6, Delaware Code, by striking the comma "," after the words "either separately or as part of a project," and inserting the following words:

"any one or combination of the following: furnishings, machinery and equipment,".

Section 2. Amend Section 7003, (a), Title 6, Delaware Code, by adding the phrase "or part thereof" immediately after the word "project" as the same appears in the first sentence of paragraph (a).

Section 3. Amend Section 7003, (a), (2), Title 6, Delaware Code, by striking § 7003 (a) (2) in its entirety and substitute in lieu thereof the following:

"(2) will consist of an industrial building or buildings which are all purpose buildings, suitable for rental to general manufacturing industry; or buildings or machinery readily marketable, or will constitute a project as defined in Section 7002 or any part thereof."

Section 4. Amend Section 7003, (a) (5), Title 6, Delaware Code, by inserting a comma "," after the word "will" and insert the following:

", if the Bonds to be issued are to have the full faith and credit of the State of Delaware pledged thereto."

Approved March 27, 1972.