SENATE BILL NO. 120
AS AMENDED BY
SENATE AMENDMENT NO. 1
AN ACT TO AMEND TITLE 6 OF THE DELAWARE CODE RELATING TO COMMERCE AND TRADE; AND PROVIDING FOR THE ESTABLISHMENT OF FOREIGN TRADE ZONES.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (two-thirds of the members elected to each branch thereof concurring therein):
Section 1. Amend Part IV, Title 6 of the Delaware Code by adding thereto a new chapter, designated as Chapter 75, which new Chapter shall read as follows:
"CHARTER 75. FOREIGN TRADE ZONES
As used in this Chapter, unless the context requires otherwise, the following words and phrases shall mean:
(a) 'Public corporation' shall mean this State, a political subdivision thereof, a corporate instrumentality of this State and one or more other States, or a bi-State compact.
(b) 'Private corporation' shall mean a general and business or a general not-for-profit corporation organized under the laws of this State.
§7502. Federal grants
All public and private corporations shall have the power to apply to the proper authorities of the United States government for a grant, and when such a grant is issued, to establish and operate foreign trade zones under the provisions of the Foreign Trade Zones Act of 1934 as amended, on the effective date of this Chapter."
Approved July 20, 1977.