reglab/statecodes huggingface dataset:
2023 Delaware Code › Title 29 - State Government › Chapter 74. BONDS AND NOTES OF THE STATE › § 7414. Deposit of money; advances from funds.

§ 7414. Deposit of money; advances from funds.
(a) (1) All proceeds from the sale of bonds or notes other than premium or accrued interest must be deposited by the State Treasurer in a special fund or funds of the State and applied for the purposes for which the bonds or notes were issued or as otherwise provided by law. All proceeds from the sale of revenue notes and all accrued interest from the sale of bonds or revenue notes must be deposited by the State Treasurer in the General Fund. Any premium from bonds or revenue notes, except for any premium received on refunding bonds, sold after January 1, 2004, including any such premium previously deposited in the General Fund, must, at the discretion of the Director of the Office of Management and Budget, Controller General, and the Secretary of Finance, be deposited in 1 of the following.
a. A special fund of the State and applied for the purposes for which the bonds or notes were issued or as otherwise provided by law.
b. An escrow fund to redeem, refund, or defease debt service on existing bonds or notes of the State, or debt service on any debt or other obligation of an instrumentality of the State.
(2) If a deposit is made under paragraph (a)(1) of this section, bond authorization must be reduced by a corresponding amount. Under no circumstances may any proceeds, premium, or accrued interest be applied to pay the costs of any project not authorized by the General Assembly.
(b) The State may advance money to a special fund of the State established to hold money raised or to be raised to finance costs of projects authorized to be financed with the proceeds of bonds or notes after the adoption of an authorization act but prior to the issuance of bonds or notes authorized to be issued by that authorization act. Money may be advanced, in an amount not exceeding the greater of 3% of the estimated net General Fund revenue for that fiscal year from all sources (not including unencumbered funds remaining at the end of the previous fiscal year) as determined by joint resolution approved by a majority of the members elected to each House of the General Assembly and signed by the Governor in connection with the adoption of the annual budget appropriation bill for that fiscal year, or $ 150,000,000, from any other fund of the State unless prohibited by any other law. Any money advanced must be repaid at the time the money advanced is needed for the purposes for which the money was held before being advanced.
29 Del. C. 1953, §  7415;  54 Del. Laws, c. 124;  62 Del. Laws, c. 146, §§  6, 20;  62 Del. Laws, c. 407, §  6;  63 Del. Laws, c. 142, §  51;  63 Del. Laws, c. 179, §  9;  64 Del. Laws, c. 131, §  11(f);  66 Del. Laws, c. 92, §  20;  73 Del. Laws, c. 95, §  57;  74 Del. Laws, c. 221, §  6;  75 Del. Laws, c. 88, §  21(13);  75 Del. Laws, c. 254, §  1;  82 Del. Laws, c. 226, § 3;  84 Del. Laws, c. 5, § 12;
2023 Delaware Code › Title 29 - State Government › Chapter 74. BONDS AND NOTES OF THE STATE › § 7415. Use of proceeds of bonds and notes.

§ 7415. Use of proceeds of bonds and notes.
The funds appropriated by an authorization act may be used only for the costs of the projects set forth in such act in an amount for each such project not exceeding the amount authorized by such act for such project. Costs of projects may include costs of surveys, maps, plans, designs, inspections, incidental land and equipment acquisition, incidental construction and reconstruction, landscaping, costs of issuing bonds and notes, capitalized interest during construction and reconstruction, fees for construction managers or persons performing similar functions and other costs incidental to the project. Such funds shall not be used for ordinary or normal maintenance expenses or repair, except for costs authorized by law for maintenance of and minor capital improvements to school buildings.
29 Del. C. 1953, §  7415;  54 Del. Laws, c. 124;  62 Del. Laws, c. 146, §§  6, 21;  64 Del. Laws, c. 131, §  11(f);
2023 Delaware Code › Title 29 - State Government › Chapter 74. BONDS AND NOTES OF THE STATE › § 7416. Timetable for use of funds and the sale of bonds and notes; commencement of authorized project.

§ 7416. Timetable for use of funds and the sale of bonds and notes; commencement of authorized project.
(a) No funds appropriated by an authorization act shall be encumbered more than 3 years after the passage of such act for any individual project unless:
(1) Such project has progressed into any of the following phases prior to that date:
Planning, initial engineering, land, building or equipment acquisition, construction or reconstruction; and
(2) Eighty-five percent of the project costs have been expended on 1 or more of such phases.
(b) No bonds or notes shall be issued or funds borrowed pursuant to an authorization act, 4 years after the passage of such act, except:
(1) As provided in 54 Del. Laws, c. 345, as amended (Chapter 75 of this title, as amended); and
(2) With respect to bonds authorized prior to this chapter which shall remain subject to the law under which they were originally authorized.
(c) Any project authorized to be undertaken with the proceeds of bonds of the State shall commence in the fiscal year in which it is authorized. If such duly authorized project has not proceeded into 1 or more of the phases identified in subsection (a) of this section within 18 months from the effective date of the original authorization, the authorized but unsold portion of the bonds shall automatically be deauthorized and any unspent cash balances shall be reverted to the Bond Reversion Account to be applied to the costs of any other authorized project, pursuant to § 7418 of this title.
29 Del. C. 1953, §  7416;  55 Del. Laws, c. 337;  62 Del. Laws, c. 146, §§  6, 22;  64 Del. Laws, c. 131, §  11(f);  64 Del. Laws, c. 343, §  12(e), (f);
2023 Delaware Code › Title 29 - State Government › Chapter 74. BONDS AND NOTES OF THE STATE › § 7417. Payment of debt service; first lien.

§ 7417. Payment of debt service; first lien.
(a) Each annual Budget Appropriation Bill enacted by the General Assembly shall make sufficient provisions for the payment of principal of, premium, if any, and interest on all bonds, notes and revenue notes payable or to be paid by their terms during the fiscal year of the State for which such Budget Appropriation Bill is enacted.
(b) Vouchers for the payment of principal of, premium, if any, and interest on bonds, notes and revenue notes for payment of expenses incident to the issuance of such obligations shall be signed by the State Treasurer.
(c) Any appropriation made by the General Assembly to pay principal of, premium, if any, and interest on bonds, notes or revenue notes may be applied to pay principal of, premium, if any, and interest on obligations of other issuers pursuant to an agreement made by the issuing officers with a person agreeing to pay principal of, premium, if any, or interest on bonds, notes or revenue notes issued by the State.
(d) If, at any time, the State fails to make sufficient provisions to pay such principal of, premium, if any, and interest on bonds, notes or revenue notes, or, at the time such principal, premium or interest is payable sufficient moneys are unavailable for such payment, a sufficient sum shall be set apart by the State Treasurer from the first revenues thereafter received by the State and shall be applied to such purposes. The State Treasurer may be required to set apart and apply such revenues as provided herein at the suit of any holder of obligations for which such insufficient provision is made.
62 Del. Laws, c. 146, §§  6, 23;  64 Del. Laws, c. 131, §  11(f);  66 Del. Laws, c. 360, §  16;
2023 Delaware Code › Title 29 - State Government › Chapter 74. BONDS AND NOTES OF THE STATE › § 7418. Use of unexpended funds.

§ 7418. Use of unexpended funds.
Any funds borrowed pursuant to an authorization act, and remaining unencumbered after the completion or abandonment of a project authorized to be financed pursuant to such act, or because a project authorized to be financed by such act is not timely undertaken, or upon the expiration of the period set forth in § 7416 of this title, shall be deposited in a special fund and applied, with the approval of the issuing officers, to the cost of financing any previously authorized projects. The head of the department or agency to which such funds were appropriated for a project shall determine when such project is completed or abandoned.
60 Del. Laws, c. 135, §  1;  62 Del. Laws, c. 146, §§  6, 24;  64 Del. Laws, c. 131, §  11(f);
2023 Delaware Code › Title 29 - State Government › Chapter 74. BONDS AND NOTES OF THE STATE › § 7419. Approval of plans, specifications, estimates and cash flows of projects.

§ 7419. Approval of plans, specifications, estimates and cash flows of projects.
(a) Delaware Technical and Community College, Delaware State University and all state departments and agencies shall submit to Facilities Management of the Office of Management and Budget all proposed contracts for architectural services and all architectural, structural, electrical and mechanical plans, specifications and cost estimates. Facilities Management of the Office of Management and Budget shall be responsible for reviewing and approving such plans, specifications and cost estimates prior to bid advertisement, and no such contracts nor contracts for construction and reconstruction of such projects (except highway construction and reconstruction contracts and school district minor capital improvements contracts) shall be executed without the prior approval of Facilities Management of the Office of Management and Budget. All such contracts shall be let on the condition, among others, that the contractor comply with the State's equal opportunity laws. Facilities Management of the Office of Management and Budget shall insure that approved projects are not inconsistent with any authorization of budget act.
(b) Each state agency, department and institution of higher learning to which proceeds of bonds or notes are appropriated, must, on an annual basis, report to the Director of the Office of Management and Budget the status and anticipated cash flow for each project which is not complete.
62 Del. Laws, c. 146, §§  6, 25;  63 Del. Laws, c. 189, §  5(h);  64 Del. Laws, c. 131, §  11(f);  65 Del. Laws, c. 434, §§  3, 4;  69 Del. Laws, c. 10, §§  11, 12;  69 Del. Laws, c. 67, §  2;  75 Del. Laws, c. 88, §§  21(13), 37;
2023 Delaware Code › Title 29 - State Government › Chapter 74. BONDS AND NOTES OF THE STATE › § 7421. Bonds, notes and revenue notes as legal investments for institutions and fiduciaries; legal deposit.

§ 7421. Bonds, notes and revenue notes as legal investments for institutions and fiduciaries; legal deposit.
(a) Bonds, notes and revenue notes are securities in which any officer of the State and any officers of political subdivisions, administrative departments, boards and commissions of the State, all banks, bankers, savings banks, trust companies, savings and loan associations, investment companies and other persons carrying on a banking business, all insurance companies, insurance associations and other persons carrying on an insurance business and all administrators, executors, guardians, trustees and other fiduciaries, and all other persons whatsoever who are now or may, on and after July 12, 1979, be authorized to invest in bonds, notes, revenue notes or other obligations of the State, may properly and legally invest any funds, including capital belonging to them or within their control.
(b) Such bonds, notes and revenue notes are securities which may properly and legally be deposited with and received by any officer of the State, or an officer of any political subdivision or agency of the State, for any purpose for which the deposit of bonds, notes, revenue notes or other obligations of the State is now or may, on and after July 12, 1979, be authorized by law.
62 Del. Laws, c. 146, §§  6, 27;  64 Del. Laws, c. 131, §  11(f);
2023 Delaware Code › Title 29 - State Government › Chapter 74. BONDS AND NOTES OF THE STATE › § 7423. DEFAC projections and monitoring of debt limits.

§ 7423. DEFAC projections and monitoring of debt limits.
The Delaware Economic and Financial Advisory Council shall publish at least semiannually in December and June the projections described in § 7422(b) of this title. The Council shall also monitor the application and effect of the debt limits imposed by § 7422 of this title and shall report annually to the General Assembly and the Governor with respect thereto. Such reports shall include any recommendations with respect to such debt limits and the then current Debt Affordability Study prepared by the Department of Finance.
68 Del. Laws, c. 7, §  2;  68 Del. Laws, c. 156, §  25;
2023 Delaware Code › Title 29 - State Government › Chapter 74. BONDS AND NOTES OF THE STATE › § 7424. Right to obtain bondholder lists.

§ 7424. Right to obtain bondholder lists.
No holder or owner of any bond, note or revenue note shall have any right to obtain a list of registered owners or holders of bonds, notes or revenue notes from the State or its agents by virtue of ownership nor holding of any such obligation, no other law to the contrary notwithstanding.
64 Del. Laws, c. 131, §  11(e), (f);  70 Del. Laws, c. 186, §  1;
2023 Delaware Code › Title 29 - State Government › Chapter 74. BONDS AND NOTES OF THE STATE › § 7425. Capital appreciation bonds and discount bonds.

§ 7425. Capital appreciation bonds and discount bonds.
The term “capital appreciation bonds” means any bond or bonds sold at a price substantially less than the principal amount thereof and on which compounded interest is payable at maturity, as conclusively determined by the issuing officers, but only if such bond or bonds are designated as capital appreciations by the issuing officers in the resolution authorizing the issuance of bonds. For purposes of §§ 7422 and 7423 of this title, the aggregate principal amount of any capital appreciation bonds or any other bonds sold to the public for a price less than the face amount thereof shall be the aggregate of the initial offering prices at which such bonds are offered for sale to the public, whether in a private or negotiated sale or in a public or competitive sale, or sold to the initial purchaser thereof in a private placement, without, in every case, reduction to reflect underwriters' discount or placement agents' fees or other similar fees.
66 Del. Laws, c. 371, §  2;  69 Del. Laws, c. 386, §  31;
2023 Delaware Code › Title 29 - State Government › Chapter 74. BONDS AND NOTES OF THE STATE › § 7426. Capital appreciation bonds and discount bonds; sale by State.

§ 7426. Capital appreciation bonds and discount bonds; sale by State.
A maximum of 20 percent of the bonds authorized by each Bond and Capital Improvements Act of the State may be sold by the State directly to retail purchasers or to financial intermediaries, or to an underwriter who agrees to use its best efforts to sell such bonds to retail purchasers or to any intermediaries, such bonds to be herein referred to as “retail bonds.” The Secretary of Finance, the State Treasurer, the Director of the Office of Management and Budget and the Controller General are hereby authorized to determine the terms and conditions of the retail bonds, and the manner, whether at public or private negotiated sale, by which they shall be awarded to the purchasers thereof, notwithstanding anything to the contrary contained in this chapter; provided, that the requirements of § 7422 of this title must be observed.
74 Del. Laws, c. 308, §  56;  75 Del. Laws, c. 88, §  21(13);
2023 Delaware Code › Title 29 - State Government › Chapter 75. SCHOOL CONSTRUCTION CAPITAL IMPROVEMENTS › § 7502. Applicability of this chapter; relation to authorization act.

§ 7502. Applicability of this chapter; relation to authorization act.
(a) Unless otherwise provided in any school construction bond authorization act this chapter, in addition to Chapter 74 of this title, shall apply to and control all school construction financed by the issuance of bonds and notes of the State for the purpose of school construction and the issuance of said bonds and notes and to the appropriations for school construction contained in the school construction bond authorization act.
(b) The provisions of this chapter are hereby incorporated in any school construction bond authorization act unless specifically excepted therefrom and shall be deemed a part of any school construction bond authorization act just as if contained verbatim in the school construction bond authorization act.
29 Del. C. 1953, §  7502;  54 Del. Laws, c. 345.;
2023 Delaware Code › Title 29 - State Government › Chapter 75. SCHOOL CONSTRUCTION CAPITAL IMPROVEMENTS › § 7504. Time limit on construction.

§ 7504. Time limit on construction.
No school construction shall be started under authority of any school construction bond authorization act later than 2 years after the effective date of the act, and no money shall be borrowed by the State under authority of any school construction bond authorization act later than 2 years after the effective date of such act, except such moneys as are necessary to complete school construction started prior to 2 years after the effective date of any school construction bond authorization act.
29 Del. C. 1953, §  7504;  54 Del. Laws, c. 345.;
2023 Delaware Code › Title 29 - State Government › Chapter 75. SCHOOL CONSTRUCTION CAPITAL IMPROVEMENTS › § 7505. Formula for construction.

§ 7505. Formula for construction.
No school construction shall be paid with funds appropriated by any school construction bond authorization act or with funds for which a state share is provided by any school construction bond authorization act if such construction does not conform with the formula for school construction established by the Department of Education.
29 Del. C. 1953, §  7505;  54 Del. Laws, c. 345;  71 Del. Laws, c. 378, §  115;
2023 Delaware Code › Title 29 - State Government › Chapter 75. SCHOOL CONSTRUCTION CAPITAL IMPROVEMENTS › § 7506. Local bonds.

§ 7506. Local bonds.
(a) Any school district which is entitled under any school construction bond authorization act to an apportionment of a state share and which is required therein to provide a local matching share is authorized to issue its bonds for the purpose of raising money to pay the local share set forth in such school construction bond authorization act and raising such additional amount, if any, as such school district may desire to expend for school construction. If such bonds are issued, they shall be authorized by the board of education of the school district pursuant to Chapter 21 of Title 14, except in the case of the City of Wilmington, in which case the local share to be contributed by the Board of Public Education in Wilmington may be raised by the proper authorities of said City by issuing bonds pursuant to Chapter 175, Volume 52, or Chapter 163, Volume 32, Laws of Delaware, as amended. Chapter 20 of Title 14 shall be complied with in the event that the amount in addition to the local share is for school construction which varies from the standard formula. Such bonds and any notes issued in anticipation of the issuance of such bonds shall, except in the case of the City of Wilmington, be sold to the State. Such bonds shall bear interest at a rate not less than the rate payable on bonds of the State issued to provide such local share plus an amount to cover administrative expenses of the State in connection with the financing of school construction programs in an amount not exceeding one quarter of 1 percent per annum. The State shall issue its bonds to provide the local share of any school construction program in accordance with any school construction bond authorization act, as well as any additional amounts which the qualified voters of any school district shall have authorized to be expended for school construction; provided, however, that such additional amounts must first have been appropriated to such school district in a school construction bond authorization act or amendment to such an act. Such bonds shall not be included in the amount of bonds or notes pledging the faith and credit of the State which are issued and outstanding, authorized but not issued, and about to be issued. The Department of Finance of the State shall annually prepare a report setting forth in brief detail all bonds or notes issued by the State for the purpose of financing a local share of a school construction program and the bonds or notes purchased from local school districts and setting forth receipts and disbursements.
(b) Instead of issuing bonds as hereinbefore provided, any school district may pay its local share by using gifts or any other moneys on hand which are not required by law to be used for some other purpose.
29 Del. C. 1953, §  7506;  54 Del. Laws, c. 345;  55 Del. Laws, c. 432, §§  2-4;  58 Del. Laws, c. 315, §  11;
2023 Delaware Code › Title 29 - State Government › Chapter 75. SCHOOL CONSTRUCTION CAPITAL IMPROVEMENTS › § 7508. Bond anticipation notes of local district.

§ 7508. Bond anticipation notes of local district.
(a) After a local referendum authorizing the sale of local school bonds and in anticipation of the issuance of the bonds, the board of school trustees or board of education of a school district may issue and sell notes of the school district at either public or private sale for not less than par and accrued interest. The notes shall bear interest at a rate not exceeding 5% per annum. They may be renewed from time to time by the issuance and sale of new notes, but all such notes shall mature and be paid not later than 4 years after issuance. The notes shall be signed by the chairperson and 1 member of the board of school trustees or president and 1 member of the board of education of the district, the seal of the school district shall be impressed on each of the notes and shall be payable at a place prescribed by the issuing officers of the State. All provisions of law pertaining to local school bonds and not inconsistent with this chapter shall apply to notes issued hereunder.
(b) The total amount of notes outstanding at any 1 time, together with the total amount of bonds theretofore issued in any district, shall not exceed that portion of the total authorized bonded indebtedness of the school district for which bonds have been authorized by local referendum within the district.
(c) The notes may be redeemed at par and accrued interest prior to their maturity if the right of the school district to do so shall have been reserved by an express provision in the notes. The principal and interest on said notes, including renewal notes, shall be paid from the proceeds of the sale of bonds or from other funds available therefor. The notes shall be general obligations of the school district and the faith and credit of the school district shall be pledged for the full and complete payment of the principal of and interest on such notes and such notes shall be exempt from taxation with respect to both principal and interest by the State or any political subdivision thereof for any purpose. The board of education or the board of school trustees of the issuing school district shall have the same power to levy taxes to pay such notes and the interest thereon as in the case of bonds.
29 Del. C. 1953, §  7507;  54 Del. Laws, c. 345;  57 Del. Laws, c. 92, §  2;  63 Del. Laws, c. 142, §  52;  70 Del. Laws, c. 186, §  1;
2023 Delaware Code › Title 29 - State Government › Chapter 75. SCHOOL CONSTRUCTION CAPITAL IMPROVEMENTS › § 7509. Determination of necessity.

§ 7509. Determination of necessity.
The Department of Education shall determine the present necessity for any school construction program as authorized by any school construction bond authorization act in the several school districts of the State and, in so doing, shall take into consideration the actual and projected number of pupils in the requesting school district as determined by the most current September 30 Unit Count and a standardized annual population projection prepared by or approved by the Office of State Planning Coordination, the feasibility and possibility of the consolidation of school districts, the present and future possibility of overcrowding of school facilities within the school district, the condition and quality of existing school facilities within the district and all other matters and conditions pertinent to the determination of the present necessity of the school construction program, including the reasonable future development or dissolution of the school district. In making such determination of necessity, the Department of Education shall have the authority to make a determination of necessity of a school construction program for a school district which will have a lesser total cost than the maximum total cost for such school district set forth in any school construction bond authorization act. Whenever a determination of necessity of a school construction program is made in an amount less than the total maximum cost for such school district as set forth in any school construction bond authorization act, the state share and the local share shall be reduced in the proportions they bear to the total maximum cost set forth in that act. No determination of necessity for school construction shall be made until the school district shall have identified at least 1 proposed site for such construction, which site shall have been approved as required by § 7525(a) of this title.
29 Del. C. 1953, §  7508;  54 Del. Laws, c. 345;  71 Del. Laws, c. 378, §  117;  74 Del. Laws, c. 367, §§  17, 18;
2023 Delaware Code › Title 29 - State Government › Chapter 75. SCHOOL CONSTRUCTION CAPITAL IMPROVEMENTS › § 7511. Approval of plans; modification.

§ 7511. Approval of plans; modification.
After making the certificate required by § 7510 of this title, the Secretary of Education is authorized and directed to consider the preliminary and final plans, estimates of costs and specifications of any school construction program and to approve or modify such plans, estimates and specifications, and also to amend the certificates of necessity, provided that nothing herein shall be construed to give said Secretary of Education authority to increase the total share of such program beyond the maximum limit set forth in any school construction bond authorization act. No certificate of necessity shall be amended after the date of successful local school district referendum. In the event that a certificate shall be amended as herein provided, the fact of such amendment shall be communicated to the State Treasurer, and the copies thereof shall be sent to the State Auditor of Accounts and the Director of the Office of Management and Budget and the board of education of the school district.
29 Del. C. 1953, §  7510;  54 Del. Laws, c. 345;  57 Del. Laws, c. 440, §  4;  71 Del. Laws, c. 378, §  119;  75 Del. Laws, c. 88, §  21(13);
2023 Delaware Code › Title 29 - State Government › Chapter 75. SCHOOL CONSTRUCTION CAPITAL IMPROVEMENTS › § 7512. Consolidation of school districts.

§ 7512. Consolidation of school districts.
In the event that 2 or more existing school districts shall consolidate, the maximum total cost, the maximum state share and the maximum local share of a school construction program as authorized by any school construction bond authorization act for such consolidated district shall be the totals of said amounts appearing in the school construction bond authorization act for the school districts so consolidating, except that the construction funds shall be used only as originally authorized in the certificates of necessity issued to the original districts.
29 Del. C. 1953, §  7511;  54 Del. Laws, c. 345.;
2023 Delaware Code › Title 29 - State Government › Chapter 75. SCHOOL CONSTRUCTION CAPITAL IMPROVEMENTS › § 7513. Division of a school district.

§ 7513. Division of a school district.
In the event that an existing school district is divided into 2 or more school districts, the maximum total cost, the maximum state share and the maximum local share of the school construction program, as authorized for the existing district by any school construction bond authorization act, shall be determined and allocated among the resulting districts by the State Board of Education by taking into consideration the same factors prescribed by § 7509 of this title in determining the necessity for the school construction program in such resulting school districts. The aggregate amounts so determined by the State Board of Education to be allocated to such resulting districts shall not exceed the amount of the maximum total cost, maximum state share and maximum local share, respectively, in the pertinent school construction bond authorization act with respect to the original school district so divided. Such allocated amounts shall be in lieu of the amounts set forth in any school construction bond authorization act for the original school district, and applicable to certificates of necessity issued pursuant to the school construction bond authorization act and this chapter.
29 Del. C. 1953, §  7512;  54 Del. Laws, c. 345.;
2023 Delaware Code › Title 29 - State Government › Chapter 75. SCHOOL CONSTRUCTION CAPITAL IMPROVEMENTS › § 7514. Local funds and state appropriations to be deposited.

§ 7514. Local funds and state appropriations to be deposited.
The moneys paid to the State Treasurer by a school district as its local share under any school construction bond authorization act and any funds appropriated as its local share by the State under any school construction bond authorization act, including any additional amount appropriated to such school district by the State, and for the financing of which bonds of the State are to be issued shall be deposited by the State Treasurer in a special fund and shall be expended only for school construction in such district. Each of said local shares and additional amounts shall be credited with interest in the following manner:
(1) The State Treasurer shall credit to the account of each local school district which has funds on deposit with the State Treasurer such amount of interest as determined by this section upon such funds. The rate of interest applied shall be based upon net interest earned and calculated under guidelines established by the Cash Management Policy Board.
(2) On or before the last day of each month, the State Treasurer shall credit the operating and debt service accounts respectively of each school district's operating and debt service funds with interest on the average daily balances in operating and debt service funds for the preceding month. The amount of interest due shall be calculated upon the average daily account balances determined by the respective financial activity reports of the Department of Finance.
(3) On or before the first day of each month, the State Treasurer shall credit the debt service of each local school district's construction fund with interest on the average balance of that proportion of the construction account contributed by the local district. The amount of interest due shall be calculated upon the average daily account balances determined by the respective financial activity reports of the Department of Finance.
29 Del. C. 1953, §  7513;  54 Del. Laws, c. 345;  58 Del. Laws, c. 315, §  12;  63 Del. Laws, c. 142, §  53;  63 Del. Laws, c. 404, §§  3, 4, 7;  72 Del. Laws, c. 304, §  2;
2023 Delaware Code › Title 29 - State Government › Chapter 75. SCHOOL CONSTRUCTION CAPITAL IMPROVEMENTS › § 7515. Reversion of unexpended state share.

§ 7515. Reversion of unexpended state share.
Any sum of money which has been appropriated or allocated to any school district by the State under any school construction bond authorization act which remains unexpended 1 year after pupil occupancy of any school building constructed under the school construction bond authorization act authorizing the construction shall revert to the State and shall be deposited to a special account to be applied against future school construction bond requirements.
29 Del. C. 1953, §  7514;  54 Del. Laws, c. 345.;
2023 Delaware Code › Title 29 - State Government › Chapter 75. SCHOOL CONSTRUCTION CAPITAL IMPROVEMENTS › § 7516. Reversion of unexpended local share.

§ 7516. Reversion of unexpended local share.
Any sum of money which has been appropriated by any local school district under a school construction bond authorization act which remains unexpended 1 year after pupil occupancy of any school building constructed under the school construction bond authorization act authorizing the construction shall be deposited to the debt service account of the school district to be used for such purposes as are permitted by law.
29 Del. C. 1953, §  7515;  54 Del. Laws, c. 345;  59 Del. Laws, c. 205, §  8;
2023 Delaware Code › Title 29 - State Government › Chapter 75. SCHOOL CONSTRUCTION CAPITAL IMPROVEMENTS › § 7517. Aid to boards of education.

§ 7517. Aid to boards of education.
The Department of Education shall render such assistance to boards of education as they may request in the preparation of their preliminary and final plans for school construction.
29 Del. C. 1953, §  7517;  54 Del. Laws, c. 345;  57 Del. Laws, c. 440, §  5;  71 Del. Laws, c. 378, §  120;
2023 Delaware Code › Title 29 - State Government › Chapter 75. SCHOOL CONSTRUCTION CAPITAL IMPROVEMENTS › § 7518. Approval of plans.

§ 7518. Approval of plans.
The final plans, specifications and estimates of costs of school construction under any school construction bond authorization act and this chapter shall be approved by the Department of Education. No board of education shall change or alter the final plans as approved without the written consent of the Department of Education or its designated representatives.
29 Del. C. 1953, §  7518;  54 Del. Laws, c. 345;  57 Del. Laws, c. 440, §  4;  71 Del. Laws, c. 378, §  121;
2023 Delaware Code › Title 29 - State Government › Chapter 75. SCHOOL CONSTRUCTION CAPITAL IMPROVEMENTS › § 7519. Powers of board of education; contracts.

§ 7519. Powers of board of education; contracts.
The board of education for any district shall cause the school construction program authorized under any school construction bond authorization act and this chapter for such school district to be carried out. Such board of education, with consent of the Department of Education or its designated representatives, shall have power to make and enter into all contracts for school construction and for labor, materials, supplies, instrumentalities, furniture and equipment required to accomplish any such school construction program (including purchase of all educational supplies necessary for the initial operation of school so built, altered or added to), provided that all contracts involving expenditure shall be subject to Chapter 69 of this title.
29 Del. C. 1953, §  7519;  54 Del. Laws, c. 345;  57 Del. Laws, c. 440, §§  4, 6;  71 Del. Laws, c. 378, §  122;
2023 Delaware Code › Title 29 - State Government › Chapter 75. SCHOOL CONSTRUCTION CAPITAL IMPROVEMENTS › § 7520. Supervision of construction.

§ 7520. Supervision of construction.
The board of education in each school district shall supervise, or cause to be supervised, the school construction program in such school district.
29 Del. C. 1953, §  7520;  54 Del. Laws, c. 345;  57 Del. Laws, c. 440, §  4;
2023 Delaware Code › Title 29 - State Government › Chapter 75. SCHOOL CONSTRUCTION CAPITAL IMPROVEMENTS › § 7521. Employing school construction personnel.

§ 7521. Employing school construction personnel.
Each board of education shall have power to employ engineers, architects and such other employees as it deems essential to the proper and expeditious performance of its duties under this chapter, to fix their salaries and length of service and to dismiss them for any cause which it shall deem sufficient.
29 Del. C. 1953, §  7521;  54 Del. Laws, c. 345;  57 Del. Laws, c. 440, §§  4, 6;  71 Del. Laws, c. 378, §  123;
2023 Delaware Code › Title 29 - State Government › Chapter 75. SCHOOL CONSTRUCTION CAPITAL IMPROVEMENTS › § 7522. Approval of bills.

§ 7522. Approval of bills.
All bills for the expenses of the board of education of any school district for carrying out the school construction program of such school district under this chapter must be marked “approved,” and such approval must be signed by the president or vice-president of such board of education and attested by the secretary or acting secretary of such board of education. If such approval is countersigned by the superintendent of the school district or the superintendent's authorized designee, any other signature on the approval may be a facsimile.
29 Del. C. 1953, §  7522;  54 Del. Laws, c. 345;  57 Del. Laws, c. 440, §§  4, 7;  59 Del. Laws, c. 205, §  9;  70 Del. Laws, c. 186, §  1;  71 Del. Laws, c. 378, §  124;
2023 Delaware Code › Title 29 - State Government › Chapter 75. SCHOOL CONSTRUCTION CAPITAL IMPROVEMENTS › § 7523. Warrants.

§ 7523. Warrants.
The board of education of each school district shall when and as funds are required (and not until then) for the payment of the expenses of carrying out the school construction program in such school district contemplated by this chapter, including expenses of engineers, architects and other employees of such board of education, draw warrants on the State Treasurer for the moneys required, which warrants shall be signed by the president or vice-president and attested by the secretary or acting secretary of such board of education; such warrants shall be delivered to the Director of the Office of Management and Budget who shall thereupon deliver them to the State Treasurer, and the State Treasurer shall pay the same. If such warrants are countersigned by the superintendent of the school district or the superintendent's authorized designee, any other signature on the warrants may be a facsimile.
29 Del. C. 1953, §  7523;  54 Del. Laws, c. 345;  57 Del. Laws, c. 440, §§  4, 8;  59 Del. Laws, c. 205, §  10;  70 Del. Laws, c. 186, §  1;  75 Del. Laws, c. 88, §  21(13);
2023 Delaware Code › Title 29 - State Government › Chapter 75. SCHOOL CONSTRUCTION CAPITAL IMPROVEMENTS › § 7525. Use or acquisition of lands for school construction.

§ 7525. Use or acquisition of lands for school construction.
(a) Whenever a school district either proposes to use land that it currently owns for the carrying out of school construction, or to select and acquire land for the same purpose, the board of education of such school district is authorized to use or to select and acquire such land upon the approval of the Department of Education, the Office of Management and Budget and the Office of State Planning Coordination, pursuant to rules and regulations to be promulgated by the Department of Education. A school district may submit more than 1 prospective site for approval. If the Department of Education, the Office of Management and Budget and the Office of State Planning Coordination approve more than 1 site, the Department of Education shall work jointly and cooperatively with the school district to finally decide which site or sites shall be approved. The provisions of this subsection shall apply to any land that a school district desires to use for school construction purposes, whether acquired prior to or after July 19, 2004, and regardless of whether said land was or is to be acquired by the school district either by gift or for consideration, or where said land is proposed to be set aside in lieu of payment of the Voluntary School Assessment as provided in § 2661(c)(3) of Title 9 and § 842(c) of Title 22.
(b) The land may be acquired by contract with the owner or owners thereof at a fair value, or by condemnation proceedings instituted by the appropriate official body, but such condemnation proceedings shall not be instituted against any land, building, franchise, easement or other property of a public utility used by it in providing its service to the public.
(c) The cost of such land shall be deemed to be part of the cost of such school construction.
(d) Title to any lands acquired shall be a fee simple title and shall be vested in the board of education of the school district.
(e) Condemnation proceedings to acquire land in any case where such land cannot for any reason be acquired by agreement with the owner or owners thereof for a fair or reasonable consideration may be instituted by the appropriate official body under § 2303 of Title 14 and Chapter 61 of Title 10.
29 Del. C. 1953, §  7525;  54 Del. Laws, c. 345;  57 Del. Laws, c. 440, §  4;  71 Del. Laws, c. 378, §  126;  74 Del. Laws, c. 367, §§  20, 21;  75 Del. Laws, c. 88, §  21(13);
2023 Delaware Code › Title 29 - State Government › Chapter 75. SCHOOL CONSTRUCTION CAPITAL IMPROVEMENTS › § 7526. Use of appropriated funds for inspecting and auditing.

§ 7526. Use of appropriated funds for inspecting and auditing.
(a) The local school district shall apply such portions of the total cost of any school construction improvement authorized by a school construction bond authorization act as shall be necessary to provide for the cost of auditing such school construction improvement, but in no event shall such portion exceed 1/2 percent of such total cost. The Auditor of Accounts shall be responsible for conducting or having conducted such audit subject to § 2906(c) and (d) and §§ 2907, 2908 and 2909 of this title, as amended.
(b) The local school district shall allocate such portion of the total cost of major school construction improvements for which funds are appropriated by an authorization act as shall be necessary to provide for the cost of inspecting such school construction improvement. The local school district may also allocate a portion of the funds appropriated for minor school improvements for such inspection services.
(c) The local school district shall let contracts for inspection of school construction improvements. In contracting for the inspection of major or minor school construction improvements, the local school district shall give first preference to an experienced and able Delaware organization offering to provide such inspection services on a nonprofit, at-cost basis. Such contracts shall not be deemed public works contracts as defined in Chapter 69 of this title, as amended. If no such organization is able or willing to perform such specialized service on such nonprofit, at-cost basis, then the local school district may contract for such services with profit-making organizations subject to Chapter 69 of this title.
29 Del. C. 1953, §  7526;  54 Del. Laws, c. 345;  59 Del. Laws, c. 205, §  11;  62 Del. Laws, c. 146, §  31;  64 Del. Laws, c. 131, §  17(b);  66 Del. Laws, c. 92, §  60;  71 Del. Laws, c. 378, §  127;
2023 Delaware Code › Title 29 - State Government › Chapter 75. SCHOOL CONSTRUCTION CAPITAL IMPROVEMENTS › § 7527. Expendable supplies.

§ 7527. Expendable supplies.
Funds appropriated for school construction improvements by an authorization act shall not be expended for educational supplies of an expendable nature which are consumed or materially changed as they are used or which have a useful life of less than 4 years; provided, that such funds may be applied to the purchase of supplies necessary or appropriate for the initial operation of schools constructed or reconstructed with such funds.
62 Del. Laws, c. 146, §  32;
2023 Delaware Code › Title 29 - State Government › Chapter 75. SCHOOL CONSTRUCTION CAPITAL IMPROVEMENTS › § 7530. Guaranteed energy cost savings contracts.

§ 7530. Guaranteed energy cost savings contracts.
School districts, notwithstanding any other provision of this Code, are authorized to enter into long term contracts known as “guaranteed energy cost savings.” They are empowered to use their annual Division II energy appropriations to cover the costs of the contract. All such contracts must contain provisions which allow termination of the contract by the district in the event of non-appropriation of sufficient identified funds to meet the terms of the contract. No additional State funds shall be available for this type of contract. Districts which enter into such an agreement, notwithstanding any change in regulations, shall be allowed to complete the contract using Division II energy appropriations. Where these contracts include hardware/material expenditures, such procurements will be subject to subchapter I of Chapter 69 of Title 29, whether the procurement is carried out by the district or vendor. In the event that the Division II energy appropriations are insufficient to meet the costs of the contract and energy used, districts shall be required to use other funds available to it for the costs exceeding the appropriations. The Division of Accounting is directed to assist school districts in implementing such contracts.
70 Del. Laws, c. 390, §  1;
2023 Delaware Code › Title 29 - State Government › Chapter 76. FEDERAL GRANT AND NONFEDERAL GRANT COORDINATION › § 7601. State Clearinghouse Committee.

§ 7601. State Clearinghouse Committee.
(a) There is established the Delaware State Clearinghouse Committee (“Committee”) for federal grant and nonfederal grant coordination.
(b) The Committee consists of the following members, or designee of the member:
(1) The Chairperson and the Vice Chairperson of the Joint Finance Committee, who serve as the Chairperson and Vice Chairperson, respectively, of the Committee.
(2) The Controller General, who services as the Chairperson of the Committee in the absence of both the Chairperson and Vice Chairperson.
(3) The Director of the Office of Management and Budget.
(4) The Secretary of State.
(5) The Secretary of Finance.
(6) Four members of the General Assembly, appointed as follows:
a. One member appointed by the President Pro Tempore of the Senate.
b. One member appointed by the Minority Leader of the Senate.
c. One member appointed by the Speaker of the House of Representatives.
d. One member appointed by the Minority Leader of the House of Representatives.
(7) In the absence of a quorum of the members heretofore listed, fiscal and policy staff of the Office of the Controller General shall serve as designees sufficient for a quorum.
(c) The Director of the Office of Management and Budget shall function as the Secretary of the Committee, and the Office of Management and Budget shall provide the necessary staff support. The Office of the Controller General shall provide staff support to the Committee, as required by the Chairperson or the Vice Chairperson.
(d) The members of the Committee shall serve until their successors are selected.
(e) A member of the Committee that desires to delegate another individual to serve in the member's place must make the designation in writing. The member must provide the written designation to the Secretary of the Committee and the Controller General. The designee serves at the pleasure of the member making the designation and has the same duties and rights as the member.
61 Del. Laws, c. 116, §  75;  61 Del. Laws, c. 409, §  10;  63 Del. Laws, c. 191, §  3(a);  63 Del. Laws, c. 279, §  5;  69 Del. Laws, c. 458, §  1;  70 Del. Laws, c. 186, §  1;  75 Del. Laws, c. 88, §  21(13);  81 Del. Laws, c. 49, §  3;  81 Del. Laws, c. 374, § 20;  82 Del. Laws, c. 64, § 70;  82 Del. Laws, c. 242, § 76;