CHAPTER 407

FORMERLY

SENATE BILL NO. 677

AN ACT OF THE STATE OF DELAWARE AUTHORIZING THE ISSUANCE OF OBLIGATIONS TO FINANCE COSTS OF VARIOUS PROJECTS, APPROPRIATING THE PROCEEDS TO SUCH USES BY VARIOUS AGENCIES OF THE STATE AND BY THE STATE BOARD OF EDUCATION, APPROPRIATING AMOUNTS IN THE BOND REVERSION ACCOUNT AND THE CAPITAL INVESTMENT FUND TO FINANCE COSTS OF VARIOUS PROJECTS, DEAUTHORIZING THE ISSUANCE OF OBLIGATIONS FOR VARIOUS PROJECTS, INCREASING THE AMOUNT OF SUCH OBLIGATIONS THAT MAY BE AUTHORIZED BY A REDUCTION IN THE AMOUNT OF STATE GUARANTEED BONDS THAT MAY BE AUTHORIZED BY THE DELAWARE ECONOMIC DEVELOPMENT AUTHORITY OR ITS SUCCESSOR AUTHORITY, MAKING PROVISIONS FOR THE ISSUANCE OF OBLIGATIONS AND THE APPLICATION OF SUCH PROCEEDS BY AMENDING CHAPTERS 74 AND 91, TITLE 29, DELAWARE CODE AS AMENDED, MAKING PROVISION FOR THE ESTABLISHMENT OF A RENEWABLE RESOURCES PROGRAM FROM THE PROCEEDS OF CERTAIN OBLIGATIONS BY AMENDING CHAPTER 94, TITLE 29, DELAWARE CODE, AND SPECIFYING CERTAIN PROCEDURES, CONDITIONS AND LIMITATIONS FOR THE EXPENDITURE OF THE PROCEEDS OF SUCH OBLIGATIONS.

BE IN ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (three-fourths of all the members elected to each branch thereof concurring therein):

Approved July 11, 1980.