CHAPTER 392
FORMERLY
SENATE BILL NO. 596
AN ACT TO ALLOW THE DEPARTMENT OF PUBLIC INSTRUCTION TO TRANSFER FUNDS FROM EDUCATIONAL CONTINGENCY FUNDS TO THE VARIOUS SCHOOL DISTRICTS FOR THE PURPOSE OF DEFRAYING THE INCREASED COST OF HEATING FUELS AND ELECTRICITY.
WHEREAS, the energy crisis caused the cost of heating fuels and electricity to rise to unprecedented levels; and
WHEREAS, the contingency fund for fuel price increases of $510,000 in the 1974 budget is insufficient to cover the actual price increases; and
WHEREAS, the educational contingency has surplus funds available to defray the increased cost of heating fuels and electricity for the various school districts;
NOW, THEREFORE:
Be it enacted by the General Assembly of the State of Delaware:
Section 1. The Department of Public Instruction is hereby authorized to transfer to the various school districts from the Educational Contingency fund, sums, not to exceed $745,000, to assist in defraying increased costs for heating fuels and electricity during fiscal year 1974.
Section 2. This transfer will be made on a basis, as determined by the Department of Public Instruction that will be equitable to all school districts.
Approved June 27, 1974.