§ 7515. Reversion of unexpended state share.
69 words·~1 min read·
/de/title-29/chapter-75-school-construction-capital-improvements/7515·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.