CHAPTER 503

FORMERLY SENATE BILL

NO. 647

AN ACT TO AMEND CHAPTER 90, TITLE 16, DELAWARE CODE, RELATING TO THE APPROPRIATION TO THE HOSPITAL CONSTRUCTION FUND AND THE ESTABLISHMENT OF A PROVISION FOR A REVOLVING FUND.

Be it enacted by the General Assembly of the State of Delaware (three-fourths of all members elected to each branch thereof concurring therein):

Section 1. Amend Section 9010, 9015, and 9017, Title 16, Delaware Code, by deleting the sum of "$10,000,000" as it appears in all three sections and by substituting therefor the sum of "$20,000,000" in all three sections.

Section 2. Amend Section 9011, Title 16, Delaware Code, by striking subsections (a) and (b) thereof in their entirety and by inserting new subsections (a) and (b) to read as follows:

"(a) All repayments of principal to the State pursuant to Section 9005 of this Chapter shall be redeposited in the fund to be used for future loans. Payments of interest shall be deposited in the General Fund.

(b) The total appropriation of State money to the fund shall not exceed $20,000,000. The accumulated balance of funds on deposit for future loans shall not exceed $20,000,000."

Approved July 10, 1972.