CHAPTER 487

FORMERLY

SENATE BILL NO. 593

AN ACT TO AMEND CHAPTER 40, TITLE 31, DELAWARE CODE, SECTION 4053 (18) BY INCREASING THE AUTHORITY TO ISSUE BONDS AND NOTES TO $100,000,000.

WHEREAS, the General Assembly has authorized the Delaware State Housing Authority to issue bonds and notes not to exceed $20,000,000; and

WHEREAS, thh Delaware State Housing Authority has issued bonds and notes in excess of $15,000,000 in serving the housing needs of low and moderate income Delaware families; and

WHEREAS, the General Assembly desires to increase said authority to issue bonds and notes to $100,000,000.

NOW, THEREFORE:

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:

Section 1. Amend Chapter 40, Title 31, Delaware Code, Section 4053 (18) by striking from line three thereof the amount "$20,000,000" and inserting in lieu thereof the amount "$100,000,000".

Approved July 11, 1978.