SENATE BILL NO. 171
AN ACT TO AMEND CHAPTER 85, TITLE 9, OF THE DELAWARE CODE, RELATING TO GRANTS FROM FEDERAL, STATE OR INTERSTATE AGENCIES TO SUSSEX COUNTY TO PERMIT BORROWING IN ANTICIPATION OF THE RECEIPT THEREOF.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. Amend §6516, Chapter 65, Title 9 of the Delaware Code by adding a new paragraph thereto which shall read as follows:
"In anticipation of the receipt of any grant or loan permitted herein, the county government may, by resolution, borrow money in such amounts as it may find necessary and authorize the issuance of negotiable notes therefor. Section 6102 of this Title is not applicable to funds borrowed under this Chapter."
Approved July 9, 1981.