SENATE BILL NO. 261
AN ACT TO AMEND TITLE 14, DELAWARE CODE, RELATING TO THE SALE OF SCHOOL PROPERTY.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. Amend §1057, Title 14, Delaware Code, by adding thereto a new subsection (e) to read as follows:
"(e) Notwithstanding any provision of subsection (a), (b), (c), or (d) of this section, any real property: (1) to which title is held by a reorganized school district free of any recorded liens, (2) which was originally purchased and paid for by 100% local district funds, (3) which is no longer needed for school purposes; and (4) from the sale of which all proceeds would be retained by the local school district may be sold by the district without first following the procedures set forth in subsections (a), (b), (c) or (d) hereof.
Approved July 9, 1987.