HOUSE BILL NO. 809
AS AMENDED BY HOUSE AMENDMENT NO. 1
A BOND ACT OF THE STATE OF DELAWARE AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS OF THE STATE; HIGHWAY REVENUE BONDS OF THE DELAWARE TRANSPORTATION AUTHORITY PAYABLE FROM MOTOR FUEL TAX REVENUES ANO ANNUAL MOTOR CARRIER REGISTRATION FEES, PLEDGING SUCH REVENUES AND FEES TO THE SUPPORT OF ALL BONDS ISSUEO BY THE DELAWARE TRANSPORTATION AUTHORITY, AUTHORIZING THE TRANSFER FROM THE DELAWARE TRANSPORTATION AUTHORITY TO THE STATE GENERAL FUNO A SUM EQUAL TO ANNUAL MOTOR CARRIER REGISTRATION FEES LEVIED AT THREE DOLLARS PER ANNUM, RAISING VARIOUS MOTOR CARRIER REGISTRATION FEES ANO FINES FOR NONCOMPLIANCE; AUTHORIZING THE DELAWARE ECONOMIC DEVELOPMENT AUTHORITY TO ISSUE BONDS AND CREATING THE DELAWARE DEVELOPMENT CORPORATION IN SUPPORT OF SMALL BUSINESSES; MAKING CHANGES TO THE DELAWARE CODE TO PERMIT THE OELAWARE STATE HOUSING AUTHORITY TO CONTINUE ISSUING REVENUE BONDS PAYABLE FROM VARIOUS SOURCES; DEAUTHORIZING CERTAIN GENERAL OBLIGATION BONUS OF THE STATE; APPROPRIATING SURPLUS BALANCES IN CERTAIN SPECIAL FUNDS OF THE STATE AND THE DELAWARE TRANSPORTATION AUTHORITY AND PLACING CERTAIN CONOITIONS ON THOSE APPROPRIATIONS; AND MAKING CERTAIN ADDITIONAL CHANGES TO THE DELAWARE CODE APPLICABLE TO THE ISSUANCE OF BONDS BY THE STATE AND CERTAIN OF ITS AUTHORITIES.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (Three-quarters of all members elected to each House thereof concurring therein):
Section 1. Authorization of Twenty-Year Bonds. The State hereby authorizes the issuance of $36,757,317 bonds to which the State shall pledge its full faith and credit. Bonds authorized to be used by this Section shall mature not later than twenty (20) years from their date of issuance. The proceeds of such bonds are hereby appropriated to the following departments, agencies, and instrumentaltities of the State and in the following amounts for the purposes set forth in the Fiscal Year 1983 Capital Improvements Project Schedule attached hereto and made a part hereof:
Approved July 13, 1982.