WHEREAS, the Milford School District needs operating funds for the fiscal year 1972 to cover increases in expenditures and a decrease in revenue; and
WHEREAS, the Milford School District's Debt Service Account carries more than enough surplus to allow a THIRTY THOUSAND DOLLAR ($30,000) transfer without any change in the tax structure from said Debt Service Account; and
WHEREAS, a portion of said surplus was earned as a result of interest paid and accumulated construction funds on deposit while the high school was under construction; and
WHEREAS, the Milford School District needs said THIRTY THOUSAND DOLLARS ($30,000) in its Local Funds Account.
Be it enacted by the General Assembly of the State of Delaware (three-fourths of all the members thereof concurring therein):
Section 1. The Milford School District is hereby authorized to transfer the sum of THIRTY THOUSAND DOLLARS ($30,000) from its Local Debt Service Account (Fund 81) to its Local Funds Account (Fund 80).