SENATE BILL NO. 235
AN ACT TO AMEND TITLE 14 OF THE DELAWARE CODE RELATING TO THE IVYANE D.F. DAVIS MEMORIAL SCHOLARSHIP FUND.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE :
Section 1. Amend § 3445(e), Title 14 of the Delaware Code, by striking paragraph (3) thereof in its entirety, and by substituting in lieu thereof the following:
“(3) A portion of the Fund, not to exceed one-half (1/2) of the Fund’s principle and interest, may be used to assist the Division of Family Services in obtaining Chafee Educational and Training Vouchers funding; provided, that the Board is authorized, by regulation, contract, or memorandum of understanding with the Division of Family Services, to administer the funding obtained; and further provided, that the portion of the Fund used to obtain the funding is utilized in accordance with the purpose and intent of this section.”.
Section 2. Amend § 3445(e), Title 14 of the Delaware Code, by adding thereto a new paragraph as follows:
“(4) Except as provided in the preceding subsection, all appropriations from the General Assembly to the Fund shall be used solely for the award of scholarships as provided under this section.”.
Approved July 6, 2004