Delaware § 123 Funds from insurance; retention and use

Delaware Statutes

§ 123 — Funds from insurance; retention and use

Delaware § 123

JurisdictionDelaware

Title14

PartFree Public Schools

Ch. 1DEPARTMENT OF EDUCATION

Subch.Powers and Duties

This text of Delaware § 123 (Funds from insurance; retention and use) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 14, § 123 (2026).

Text

Any funds received by the Department from any insurance company by reason of the loss of school property insured in such company shall be paid to the Treasurer of the Department and by the Treasurer kept in a special fund. The special fund shall be used by the Department of Education to pay as far as possible or necessary for the repair or rebuilding of any building in connection with the loss sustained. Any moneys remaining in the special fund after carrying out this section shall be deposited in the General Fund of the State.

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Any funds received by the Department from any insurance company by reason of the loss of school property insured in such company shall be paid to the Treasurer of the Department and by the Treasurer kept in a special fund. The special fund shall be used by the Department of Education to pay as far as possible or necessary for the repair or rebuilding of any building in connection with the loss sustained. Any moneys remaining in the special fund after carrying out this section shall be deposited in the General Fund of the State.

Legislative History

Code 1915, c. 71; 32 Del. Laws, c. 160, § 51 ; 34 Del. Laws, c. 172, § 1 ; Code 1935, § 2640; 14 Del. C. 1953, § 126; 49 Del. Laws, c. 408 ; 70 Del. Laws, c. 186, § 1 ; 71 Del. Laws, c. 180, § 7