CHAPTER 411

FORMERLY

HOUSE BILL NO. 628

AN ACT TO AMEND AN ACT, BEING CHAPTER 276, VOLUME 65, LAWS OF DELAWARE, AS AMENDED, ENTITLED "AN ACT TO REINCORPORATE THE TOWN OF GEORGETOWN" TO PERMIT QUARTERLY AND SEMI-ANNUAL TAX ASSESSMENTS AND TO INCREASE THE BORROWING POWER OF THE TOWN COUNCIL OF THE TOWN OF GEORGETOWN.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (Two-thirds of all members elected to each House thereof concurring therein):

Section 1. Amend §26, Chapter 276, Volume 65, Laws of Delaware, as

amended, by striking the first sentence in Its entirety and substituting in lieu thereof a new sentence to read as follows:

"The Tax Assessor shall, within ninety (90) days prior to the beginning of the next fiscal year, make a just, true and impartial annual evaluation within The Town of Georgetown; provided, however, that nothing herein shall prohibit the Tax Assessor from performing such an assessment on a quarterly or semi-annual basis."

Section 2. Amend §30, paragraph 42, Chapter 276, Volume 65, Laws of

Delaware, as amended, by striking the words "One Hundred Thousand Dollars ($100,000.00)" wherever it appears in said paragraph and substituting in lieu thereof "Three Hundred Thousand Dollars ($300,000.00)".

Approved July 17, 1992.