SENATE BILL NO. 433
AN ACT TO APPROPRIATE GENERAL FUNDS TO REDUCE GENERAL OBLIGATIONS OF THE STATE FOR THE FISCAL YEAR ENDING JUNE 30, 1999.
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. The sum of thirty million four hundred thousand ($30,400,000) is hereby appropriated from the General Treasury to the Debt Management Account (12-05-03) for fiscal year 1999.
Section 2. The sum of thirty million four hundred thousand ($30,400,000) of General Obligation bonds which have been previously authorized or are to be authorized in future Bond and Capital Improvements Acts are hereby deauthorized. Such sum may not subsequently be reauthorized pursuant to the provisions of Section 7422(b), Title 29, Delaware Code.
Section 3. The sum referenced in Section 1 of this Act is an appropriation and the funds therein appropriated shall be paid to the Debt Management Account (12-05-03) from the General Fund of the State of Delaware from funds not otherwise appropriated.
Approved July 1, 1998