HOUSE BILL NO. 237
AN ACT TO AMEND CHAPTER 457, VOLUME 60, LAWS OF DELAWARE, AS AMENDED, THE CHARTER OF THE TOWN OF MILLSBORO, ENTITLED "AN ACT TO REINCORPORATE THE TOWN OF MILLSBORO", WITH REGARD TO STRIKING THE LIMITATION ON BORROWING IN ANTICIPATION OF REVENUES AND SUBSTITUTING IN LIEU THEREOF ADDITIONAL AUTHORITY TO BORROW AMOUNTS IN ANTICIPATION OF REVENUE.
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 Chapter 457, Volume 60, Laws of Delaware, as amended, by striking from § 30 (42) "$500,000" where it appears and substituting in lieu thereof "10% of the assessed valuation of all real estate in the Town".
Approved June 28, 2005