Delaware Code Title 2. Transportation § 1314. Authorization of state highway projects

(a) In order to assist the program of highway construction and reconstruction authorized in §§ 1312 and 1313 of this title, and in connection with the construction and reconstruction of the State's unified transportation system, the State hereby authorizes the issuance of $9,145,000 bonds by the State to which the State pledges its full faith and credit.  Bonds authorized to be issued by this subsection shall mature not later than 20 years from their date of issuance.  The proceeds of such bonds are hereby appropriated to the Department of Transportation for the purposes and in the amounts as set forth in the capital projects schedule attached to 62 Laws ch. 164, and made a part thereof.

(b) In addition to such bonds, and in order to further assist such program of highway construction and reconstruction, the State hereby authorizes the issuance of $2,397,000 bonds by the State to which the State pledges its full faith and credit.  Bonds authorized to be issued by this subsection shall mature not later than 10 years from their date of issuance.  The proceeds of such bonds are hereby appropriated to the Department of Transportation for the following purposes and in the amounts as set forth in the capital projects schedule attached to 62 Laws ch. 164, and made a part thereof.

(c) Bonds issued pursuant to this section shall be issued by the State pursuant to Chapter 74 of Title 29.