§ 7401 — Definitions

As used in this chapter:

(1) “Authorization act” means an act of the General Assembly, concurred in by3/4of all the members of each House, appropriating funds of the State from the proceeds of bonds authorized to be issued by such act.

(2) “Bonds” means any bonds authorized to be issued by the State pursuant to an authorization act and to the payment of which the State has pledged its full faith and credit.

(3) “Certificated obligation” means a registered bond, note or revenue note represented by an instrument.

(4) “Issuing officers” means the Governor, Secretary of State, State Treasurer and Secretary of Finance of the State.

(5) “Notes” means notes issued by the State in anticipation of the issuance of bonds authorized by an authorization act and to the payment of which the State has pledged its full faith and credit.

(6) “Revenue notes” means notes issued by the State in anticipation of the receipt by the State of taxes and revenues payable to the State and the payment of which the State has pledged its full faith and credit.

(7) “Uncertificated obligation” means a registered bond, note or revenue note which is not represented by an instrument.

Legislative History

29 Del. C. 1953, § 7401; 54 Del. Laws, c. 124 ; 59 Del. Laws, c. 378, § 5 ; 62 Del. Laws, c. 146, §§ 6, 7 ; 64 Del. Laws, c. 131, § 11(a), (f) ; 65 Del. Laws, c. 119, § 1