HOUSE BILL NO. 296
AS AMENDED BY HOUSE AMENDMENT NO. 1
AN ACT TO AMEND CHAPTER 26, TITLE 14 OF THE DELAWARE CODE RELATING TO THE POWER OF COUNTY VOCATIONAL SCHOOL DISTRICTS TO LEVY TAXES.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. Amend §2601, Title 14, Delaware Code, by styling the present section as subsection (a) and by adding at the end thereof the following:
"(b) In the event a general reassessment of all real estate in the county changes the total assessed valuation of a county vocational-technical high school district or a county vocational-technical center, the board of education of such district shall calculate a new tax rate which, at its maximum, would realize no more than 10 per cent increase in actual revenue over the revenue derived by real estate tax levied In the fiscal year immediately preceding such reassessed real estate valuation."
Approved July 14, 1981.