CHAPTER 12
TRANSFER OF CERTAIN BALANCES TO THE CURRENT FUND OF MILTON SCHOOL DISTRICT NO. 8
AN ACT TO AUTHORIZE AND DIRECT THE STATE TREASURER TO TRANSFER TO THE CURRENT FUND OF THE MILTON SCHOOL DISTRICT, NO. 8, A CERTAIN SUM OF MONEY APPEARING IN THE STATE TREASURY AS DEBT SERVICE ACCOUNT TO THE CREDIT OF SAID SCHOOL DISTRICT NO. 8.
WHEREAS, there is in the State Treasury in the Debt Service Account to the credit of Milton School District No. 8, the sum of Three Thousand Seven Hundred Sixty-six Dollars and Sixty-five Cents ($3,766.65), which said sum was raised by local taxation in said school district for the purpose of paying expiring bonds, theretofore issued by the said School District, together with accrued interest thereon; and
WHEREAS, the said fund is no longer needed for the purpose for which it was raised; and
WHEREAS, the said fund is greatly needed by the said School District for the purpose of improvements to building and equipment; therefore
BE IT ENACTED BY THE SENATE AND HOUSE OF REPRESENTATIVES OF THE STATE OF DELAWARE IN GENERAL ASSEMBLY MET:
Section 1. That the State Treasurer be and he is hereby authorized and directed to transfer to the current fund of the Milton School District, No. 8, the sum of Three Thousand Seven Hundred Sixty-six Dollars and Sixty-five Cents ($3,766.65), appearing in the State Treasury as the Debt Service Account to the credit of the said School District, No. 8.
District for improvements to school property and/or equipment upon warrants drawn on said fund by the proper officer or officers of the Board of School Trustees of the Milton School District, No. 8, and the State Treasurer is hereby authorized and directed to pay, from time to time, out of the said fund, such warrants.