HOUSE BILL NO. 648
AN ACT TO AMEND CHAPTER 418, VOLUME 60, LAWS "AN ACT TO PERMIT THE BOARD OF EDUCATION DISTRICT TO TRANSFER CERTAIN FUNDS FROM TO THE CURRENT EXPENSE ACCOUNT" OF DELAWARE, ENTITLED, OF THE DELMAR SCHOOL THE DEBT SERVICE ACCOUNT
WHEREAS, Chapter 418, Volume 60, Laws of Delaware, formerly House No. 888, as amended, of the 128th General Assembly, authorized
Delmar School District to transfer $38,000 from its Debt Service Account to its Current Expense Account for the acquisition of land; and
WHEREAS, at the time of transfer, the Delmar School District had first option on all adjacent land surrounding the school at an estimated cost of $100,000; and
WHEREAS, the District purchased 6.915 acres using $17,557 of the $38,000 that was to be used as the District share; and
WHEREAS, the Board of Education of the Delmar School has no plans to purchase additional land in the immediate desire to retain the residual amount of $20,442.32 in the Expense Account and utilize the funds to meet operational
NOW, THEREFORE: District future and Current expenses.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. Amend Chapter 418, Volume 60, Laws of Delaware, by adding a new section to read as follows:
"Section 2. The Board of Education of the Delmar School District is authorized to utilize the funds remaining after acquisition of
the property as authorized in Section 1 of this Act to meet operational expenses of the School District."
Approved March 29, 1978