Delaware § 9007 Repayment of outstanding loans

Delaware Statutes

§ 9007 — Repayment of outstanding loans

Delaware § 9007

Title16

PartHospitals and Other Health Facilities

Ch. 90HEALTH FACILITIES SUBSIDY FUND

This text of Delaware § 9007 (Repayment of outstanding loans) 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. 16, § 9007 (2026).

Text

Repayment of all outstanding loans made from the “Health Facility Construction Fund” (established pursuant to 59 Del. Laws, c. 455), or predecessor funds, shall continue to be made to the Board. The Board shall inform the issuing officers of all payments received and shall provide the issuing officers with other information required to carry out the purposes of this chapter. Repayments of interest on such loans shall be immediately transferred to the General Fund of the State. Principal payments of such loans shall be deposited in the Health Facilities Subsidy Fund until the principal in such Fund, to include the accrued earnings credited to principal as provided in § 9008 of this title, has reached the sum of $4,000,000. Thereafter, upon certification by the State Treasurer that the Fund 

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Repayment of all outstanding loans made from the “Health Facility Construction Fund” (established pursuant to 59 Del. Laws, c. 455), or predecessor funds, shall continue to be made to the Board. The Board shall inform the issuing officers of all payments received and shall provide the issuing officers with other information required to carry out the purposes of this chapter. Repayments of interest on such loans shall be immediately transferred to the General Fund of the State. Principal payments of such loans shall be deposited in the Health Facilities Subsidy Fund until the principal in such Fund, to include the accrued earnings credited to principal as provided in § 9008 of this title, has reached the sum of $4,000,000. Thereafter, upon certification by the State Treasurer that the Fund has been capitalized pursuant to this section, future principal repayments of loans from the Health Facility Construction Fund shall be deposited in the State Treasurer’s Bond Reversion Account.

Legislative History

16 Del. C. 1953, §§ 9005, 9011; 56 Del. Laws, c. 363 ; 57 Del. Laws, c. 655 ; 58 Del. Laws, c. 405 ; 58 Del. Laws, c. 503, § 2 ; 59 Del. Laws, c. 455, § 4 ; 64 Del. Laws, c. 463, § 1 ; 65 Del. Laws, c. 125, § 2