CHAPTER 420

FORMERLY SENATE BILL

NO. 688

AN ACT TO AMEND SUBCHAPTER 11 OF CHAPTER 74, TITLE 29 OF THE DELAWARE CODE WITH REGARD TO STATE BONDS ISSUED FOR LOCAL SHARES OF SCHOOL CONSTRUCTION.

Be it enacted by the General Assembly of the State of Delaware:

Section 1. Subdivision (a) of Section 7423 of Subchapter 11 of Chapter 72, Title 29 of the Delaware Code, is hereby amended by deleting the last sentence of said subdivision and by substituting the following:

"Bonds and notes issued under this section, except bonds and notes issued for the purpose described in clause (6) of this subdivision, and outstanding or authorized under this section but unissued, shall, however, be considered in determining the amount of bonds or notes which may be authorized to be issued pursuant to this subchapter."

Approved June 11, 1972.