HOUSE BILL NO. 517
AN ACT TO AMEND TITLE 31 OF THE DELAWARE CODE CODIFYING CERTAIN SECTIONS OF THE FISCAL YEAR 2002 BUDGET ACT.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE :
Section 1. Amend 31 Del. C. § 4030 by designating existing subsection (c) and (d) as (d) and (e) and by inserting a new subsection (c) as follows:
“(c)(1) DSHA is hereby authorized to use up to $325,000 of the interest income from the Housing Development Fund for the support of administrative functions associated with that fund.
(2) DSHA may use appropriated special funds less the Housing Development Fund line and $325,000 given above, as discretionary operating expenses. Discretionary operating expenses include personnel costs, travel, contractual services, supplies and materials and other normal business expenses of DSHA which are not required to be made pursuant to bond resolutions, trust indentures, agreements with the Federal Department of Housing and Urban Development, or otherwise required by operating agreements of DSHA.
(3) Nothing herein shall be construed to require any prior approval for DSHA to meet its previously contracted obligations, including debt service requirements under bond resolution or trust indenture of DSHA, nor shall anything contained herein require any such prior approval for any expenditure by DSHA under any such bond resolution or trust indenture or under any agreement with the Federal Department of Housing and Urban Development.”
Approved June 20, 2002