SENATE BILL NO. 258
AN ACT AUTHORIZING THE TRANSFER OF LOCAL FUNDS PREVIOUSLY APPROVED FOR PURCHASE OF GAUGER MIDDLE SCHOOL SITE TO BE EXPENDED FOR THE REPAYMENT TO THE ADVANCED LAND ACQUISITION FUND FOR THE PURCHASE OF THE GLASGOW HIGH SCHOOL SITE.
WHEREAS, the residents of the Newark School District approved funds for purchase of a school site; and
WHEREAS, the purchase of that said site costs less than the estimated cost; and
WHEREAS, the Newark School District contributed 40% of the total cost of the above purchase; and
WHEREAS, the construction is nearly complete on the new Glasgow High School.
Be it enacted by the General Assembly of the State of Delaware:
Section 1. The Newark School District is hereby permitted to transfer $44,000.00 from their local Debt Service Account, previously approved for the purchase of the Gauger Middle School site, to the Land Acquisition Fund, thereby enabling repayment to the Advanced Land Acquisition Fund for the purchase of the Glasgow site.
Approved July 18, 1973.