SENATE BILL NO. 700
AN ACT TO PROVIDE A SUPPLEMENTARY APPROPRIATION TO THE STATE BOARD OF EDUCATION FOR THE PURPOSE OF INCREASING THE AMOUNTS TO BE ALLOCATED TO THE SCHOOL DISTRICTS AS EQUALIZATION FUNDS FOR THE FISCAL YEAR ENDING JUNE 30, 1975.
Be it enacted by the General Assembly of the State of Delaware:
Section 1. The sum of one million ninety-seven thousand two hundred and five dollars ($1,097,205) is hereby appropriated to the State Board of Education to be used with the regular appropriation for equalization in the annual State operating budget to allocate Division III - Equalization Funds provided for in §1707 Title 14 of the Delaware Code to the school districts for the fiscal year ending June 30, 1975.
Section 2. This Act shall be known as a supplementary appropriation act and the funds hereby appropriated shall be paid out of the General Fund of the State from funds not otherwise appropriated.
Section 3. Any funds hereby appropriated which remain unexpended on June 30, 1975, shall revert to the General Fund of the State.
Approved July 18, 1974.