CHAPTER 285

FORMERLY

HOUSE BILL NO. 777

A BOND AND CAPITAL IMPROVEMENTS ACT OF THE STATE OF DELAWARE AND CERTAIN OF ITS AUTHORITIES DEAUTHORIZING AND AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS OF THE STATE, REVENUE BONDS OF THE DELAWARE TRANSPORTATION AUTHORITY AND LAND & WATER CONSERVATION BONDS; APPROPRIATING FUNDS FROM THE FIRST STATE IMPROVEMENT FUND AND THE TRANSPORTATION TRUST FUND; DEAUTHORIZING CERTAIN GENERAL OBLIGATION BONDS OF THE STATE AND CERTAIN AUTHORITY FOR GUARANTEED INDUSTRIAL REVENUE BONDS; REVERTING AND REPROGRAMMING CERTAIN SURPLUS FUNDS OF THE STATE AND REPROGRAMMING CERTAIN FUNDS OF THE DELAWARE TRANSPORTATION AUTHORITY; CREATING CERTAIN FUNDS OF THE STATE, APPROPRIATING CERTAIN GENERAL AND SPECIAL FUNDS OF THE STATE AND THE DELAWARE TRANSPORTATION AUTHORITY; AUTHORIZING THE DEPARTMENT OF ADMINISTRATIVE SERVICES TO ALLOCATE STRIPPER WELL FUNDS TO CERTAIN ELIGIBLE CAPITAL IMPROVEMENTS AUTHORIZED IN THIS ACT; AMENDING VOLUME 65, CHAPTER 385, LAWS OF DELAWARE; AMENDING TITLE 30, CHAPTER 54 RELATING TO LAND & WATER CONSERVATION BONDS; AMENDING VOLUME 66, CHAPTER 92, LAWS OF DELAWARE, VOLUME 66, CHAPTER 360, LAWS OF DELAWARE AND VOLUME 67, CHAPTER 46, LAWS OF DELAWARE; AMENDING TITLE 29, CHAPTER 50, DELAWARE CODE RELATING TO THE ADVANCED REAL PROPERTY ACQUISITION FUND AND THE ADVANCED PLANNING FUND AND RELATING TO SMALL BUSINESS REVOLVING AND CREDIT ENHANCEMENT FUND; AMENDING TITLE 16, CHAPTER 97, DELAWARE CODE RELATING TO A HEALTH FACILITIES ACT; AMENDING CERTAIN SECTIONS OF CHAPTER 50, TITLE 29, DELAWARE CODE, DIRECTING CERTAIN ACTIVITIES RELATING TO HOUSE BILL NO. 708, 135TH GENERAL ASSEMBLY; AUTHORIZING THE TERMINATION OF THE CIVIC CENTER COMMITTEE AND THE CREATION OF THE CIVIC CENTER CORPORATION;AMENDING CERTAIN PROVISIONS OF THE HEALTH FACILITIES ACT; AMENDING CHAPTER 51, TITLE 30, DELAWARE CODE RELATING TO MUNICIPAL STREET AID; AND AMENDING CHAPTER 3, TITLE 21, CHAPTER 14, TITLE 2 AND CHAPTER 52, TITLE 30, DELAWARE CODE REALLOCATING AND PLEDGING CERTAIN TRANSPORTATION RELATED GENERAL FUNDS TO THE TRANSPORTATION TRUST FUND.

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 Eighty One Million Nine Hundred Forty Two Thousand Four Hundred Forty Two Dollars ($81,942,442) 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 for a portion of the purposes set forth in the "Fiscal Year 1991 Capital Improvements Project Schedule" attached hereto and made a part hereof and summarized as follows:

Approved July 2, 1990.