CHAPTER 195

FORMERLY

SENATE BILI, NO. 326

AS AMENDED BY SENATE AMENDMENT NO. 2

AN ACT TO AMEND CHAPTER 40, TITLE 31, DELAWARE CODE, BY INCREASING THE AMOUNT OF BONDS AND NOTES THE DELAWARE STATE HOUSING AUTHORITY CAN ISSUE.

WHEREAS, the General Assembly has authorized the Delaware State Housing Authority to issue bonds and notes in an amount not to exceed $100,000,000; and

WHEREAS, the Delaware State Housing Authority has issued bonds and notes in excess of $88,000,000 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 $250,000,000.

NOW, THEREFORE:

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

Section I. Amend S4053(18) of Chapter 40, Title 31, Delaware Code, by striking the figure "100,000,000" as the same appears in said paragraph 18 and inserting in lieu thereof the figure "$250,000,000".

Approved February 12, 1980