CHAPTER 348

FORMERLY

SENATE BILL NO. 601

AN ACT AUTHORIZING THE STATE OF DELAWARE TO BORROW MONEY TO BE USED FOR THE PURPOSE OF MAKING RENOVATIONS AND REPAIRS TO THE SUSSEX CORRECTIONAL INSTITUTE, AND TO ISSUE BONDS AND NOTES THEREFOR AND APPROPRIATING THE MONIES TO THE DEPARTMENT OF CORRECTION.

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

Section 1. There is appropriated to the Department of Correction the sum of $1,500,000 or so much thereof as may be necessary for the purpose of making the repairs and renovations to the Sussex Correctional Institute.

Section 2. The funds herein appropriated may be used for the costs incidental to the project authorized in this Act which shall include but not be limited to design, planning, acquisition of utility and service areas, construction, repairing, remodeling, equipping and inspection costs.

Section 3. None of the monies appropriated by this Act shall be expended after June 30, 1977, on this project unless such project has progressed into any or all of the following phases prior to July 1, 1977: Initial Engineering, Planning, Procurement, Construction.

Section 4. The said sum of $1,500,000 or so much thereof as may be necessary for carrying out the purposes of this Act, shall be borrowed by the issuance of bonds and bond anticipation notes upon the full faith and credit of the State of Delaware. Such bonds and notes shall be issued in accordance with the provisions of Chapter 74, Title 29, Delaware Code where applicable.

Section 5. There is appropriated from the General Fund of the State such sums as may be necessary for the expenses incident to the issuance of the bonds and notes herein authorized, and such further sums as may be necessary to pay any interest which becomes due on such bonds and notes during the current fiscal year and such further sums as may be necessary for the repayment of the principal of any of the said bonds which become due during the current fiscal year. Vouchers for the payment of the expenses incident to the issuance of bonds and notes and for the interest and repayment of said notes shall be signed by the Secretary of State by and with the approval of the Issuing Officers. Any monies received from the premium and accrued interest on the sale of said bonds shall be deposited to the credit of the General Fund.

Section 6. The Budget Appropriation Bill, which

shall be enacted and approved by the General Assembly for the fiscal year 1977, and for each subsequent fiscal year, shall contain under the Debt Service Item, provisions for the payment of the principal of and interest on the bonds issued under the authority of this Act, and such of the revenues of the State of Delaware as are not prohibited by constitutional provisions or committed by preceding statutes for other purposes are hereby pledged for the payment of such bonds. Vouchers for the payment of the expenses incident to the issuance of bonds and notes and for the interest and repayment of said notes shall be signed by the Secretary of State by and with the approval of the Issuing Officers. Any monies received from the premium and accrued interest on the sale of said bonds shall be deposited to the credit of the General Fund.