SENATE BILL NO. 125
AN ACT TO AMEND TITLE 25 OF THE DELAWARE CODE RELATING TO THE DELAWARE MANUFACTURED HOME RELOCATION AUTHORITY.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. Amend Chapter 70, Title 25 of the Delaware Code by making insertions as shown by underlining and deletions as shown by strikethrough as follows:
§ 7012. Delaware Manufactured Home Relocation Trust Fund.
(c) The Trust Fund terminates on
July 1, 2014
July 1, 2019, unless terminated sooner or extended by the General Assembly.
(d) The cap on the Trust Fund is
$15 million. The cap may be adjusted, eliminated or reinstated by the board of directors of the Authority at any time, subject to the voting requirements of § 7011(c)(3) of this title.
Section 2. Amend §7013, Title 25 of the Delaware Code by making insertions as shown by underlining and deletions as shown by strikethrough as follows:
(f) In lieu of
collecting payment from the Trust Fund pursuant to
the procedure in subsection (a) of this section, a tenant may abandon the manufactured home in the manufactured home community and collect from the Trust Fund $1,500 for a single-section home or $2,500 for a multi-section home, as long as the tenant delivers to the Authority a current State of Delaware title to the manufactured home duly endorsed by the owner or owners of record, valid releases of all liens shown on the title, and a tax release.
A tenant shall receive a payment from the Trust Fund for the abandoned manufactured home. Before collecting a payment, a tenant shall deliver to the Authority a current State of Delaware title to the manufactured home duly endorsed by the owner of record, a valid release of all liens shown on the title, and a tax release. The amount of the payment shall be set by the Authority. The Authority’s determination of the amount of the payment is final and may not be appealed.
Approved July 31, 2013