CHAPTER 10
STATE REVENUE
AN ACT to amend Article 8, Chapter 6 of the Revised Code of the State of Delaware as amended by Chapter 6, Volume 36, Laws of Delaware.
Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:
Section 1. That Article 8, Chapter 6 of the Revised Code of Delaware as amended by Chapter 6, Volume 36, Laws of Delaware be and the same is hereby amended by inserting a new paragraph as follows:
For the fiscal year beginning July 1, 1933, and ending June 30, 1934, the sum of Four Hundred and Sixty Thousand ($460,- 000.00) Dollars shall be paid by the State Tax Department out of the proceeds of the franchise tax as established by Article 8, Chapter 6 of the Revised Code of Delaware and assessed and collected thereunder; and, for the fiscal year beginning July 1, 1934, and ending June 30, 1935, a further sum of Four Hundred and Fifty Nine Thousand ($459,000.00) Dollars shall likewise be paid by the State Tax Department out of the proceeds of the Franchise Tax as established by Article 8, Chapter 6 of the Revised Code and assessed and collected thereunder, to the State Treasurer. The sums so paid as aforesaid to the State Treasurer shall be deposited by him and such sums shall be utilized as follows:
1. For the payments of the sums set forth and appropriated in the General Appropriation Act of the One Hundred Fourth General Assembly of the State of Delaware under item J "Education," and comprising sums appropriated for the University of Delaware, the State College for Colored and the State Board Vocational Education, to-wit, Three Hundred and Twenty Thousand Dollars ($320,000.00) for the fiscal year beginning July 1, 1933, and ending June 30, 1934, and Three Hundred and Nineteen Thousand Dollars ($319,000.00) for the fiscal year beginning July 1, 1934, and ending June 30, 1935, which said sums are appropriated for such purposes.
2. There is hereby appropriated out of the funds to be so transferred for the fiscal year beginning July 1, 1933 and ending June 30, 1934, the sum of ninety thousand dollars, and the further sum of ninety thousand dollars is hereby appropriated out of the funds to be so transferred for the fiscal year beginning July 1, 1934 and ending June 30, 1935, the sums so appropriated shall be paid out of the funds to be transferred in accordance with this Act, and shall be utilized for the operation and maintenance of the State Tax Department for the fiscal years set forth herein.
3. In addition to the foregoing sums, there is hereby appropriated out of the funds to be transferred in accordance with this Act, the sum of Fifty Thousand Dollars ($50,000.00) for the fiscal year beginning July 1, 1933, and ending June 30, 1934 and a like sum of Fifty Thousand Dollars ($50,000.00) for the fiscal year beginning July 1, 1934 and ending June 30, 1935 which said sums so appropriated shall be and constitute a contingent fund to be utilized solely for the operation and maintenance of any educational institutions of the State of Delaware which are now, and have been heretofore, receiving appropriations from the Congress of the United States when as and if Federal Appropriations to such institutions are reduced. Such contingent fund shall be used to make up any deficit in the finances of said institutions caused by reductions in appropriations from the Federal Government to the extent of reduced Federal appropriations, and for no other purposes. Any portion of said sums to be transferred in accordance with the provisions of this Act and not utilized during the fiscal year for which the appropriation is hereby made for any of the purposes specified in this Act shall be paid to the School Fund as created and set forth by the Laws of Delaware.
The provisions of this Section, and the provisions of paragraph numbered 4, Section 58, Article XIII, Chapter 160, Volume 32, Laws of Delaware and all other Acts, insofar as they may relate to and are in conflict with the payment of the proceeds of the franchise tax by the State Tax Department to the State Treasurer to be by him deposited as hereinbefore provided are declared to be and are hereby suspended to the extent and purport of this Act only until the State Treasurer shall have certified to the State Tax Department that the total sum of Nine Hundred and Nineteen Thousand ($919,000.00) Dollars, has been deposited as hereinabove provided ; and, upon such certification, the said above mentioned provisions of said Acts, so as aforesaid declared to be suspended, shall again be in full force, operation and effect.
Approved May 24, 1933.