BILL NO. 634
AN ACT TO AMEND CHAPTER 90, PART VIII, TITLE 16 OF THE DELAWARE CODE RELATING TO HOSPITAL CONSTRUCTION AND IMPROVEMENTS, AND PROVIDING A METHOD OF REPAYMENT FOR HOSPITAL CONSTRUCTION LOANS.
Be it enacted by the General Assembly of the State of Delaware:
Section 1. Amend Subsection (c), Section 9005, Chapter 90, Title 16 of the Delaware Code, by adding the following sentence at the end of said subsection (c):
The repayment schedules shall provide the hospitals with the option of amortizing the principal and the interest of the loan in equal annual installments over the life of the loan, and the repayment of any loans heretofore granted may be renegotiated in accordance with the provisions of this Section.
Approved May 24, 1972.