HOUSE BILL NO. 271
AN ACT TO AMEND TITLE 17 OF THE DELAWARE CODE RELATING TO THE DISPOSITION OF STATE-OWNED PROPERTY.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF TFIE STATE OF DELAWARE:
Amend § 137, Title 17, Delaware Code, by adding a new subsection thereto as follows:
"(d) The Department may convey property by direct sale if such property was acquired by it for the purpose of a specific project and it is desirable to convey such property as consideration for the acquisition of other property or property rights for the same project. When the Department conveys such property by direct sale, it shall do so through a dollar-for-dollar exchange based on the approved appraised value of the respective properties or property rights."
Approved July 7, 1995