CHAPTER 399

FORMERLY

HOUSE BILL NO. 478

AS AMENDED BY HOUSE AMENDMENT NO. 1

AN ACT TO AMEND CHAPTER 19, TITLE 14, DELAWARE CODE RELATING TO LOCAL SCHOOL TAXES.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:

Section T. Amend §1918, Title 14, Delaware Code by striking said section In Its

entirety and substituting In lieu thereof the following:

"(a) Warrants or drafts on the said fund shall be drawn by the school board of the district and applied only for the purpose for which the levy Is made.

(b) The district shall prepare at the close of each fiscal year, in a manner
suitable for review by the public, a financial statement consisting of a copy of its final adopted annual local funds budget for the fiscal year just ended and a listing of its actual expenditures by budget category of such local funds for the fiscal year just

ended. This financial statement shall have been examined and approved by the Board

prior to Its publication. Copies (at least one) of the financial statement shall be placed on file for review by the public with each school In the district, the district's central administration building and each public library In the district within thirty

days of the end of the fiscal year. Copies shall also be filed with the Superintendent of Public Instruction, the Budget Director and the Controller General. The district shall publish notice stating that the financial statement has been made available for public review and identifying locations where the statement may be reviewed, in a local newspaper of general circulation within thirty days of the date the financial statement Is placed on file.

(c) This Act shall apply for fiscal years beginning on or after its effective date."