State Codes and Statutes

Statutes > Delaware > Title30 > C054 > C054-sc02

TITLE 30

State Taxes

Commodity Taxes

CHAPTER 54. REALTY TRANSFER TAX

Subchapter II. Conservation Trust Fund, Assignment of Tax Revenue

§ 5421. Definitions.

The following words, terms and phrases, when used in this subchapter, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning:

(1) "Conservation Trust Fund" means the Delaware Land and Water Conservation Trust Fund established and maintained pursuant to this subchapter.

(2) "Department" means the Department of Natural Resources and Environmental Control.

(3) "Earnings Account" means the account by that name created within the Conservation Trust Fund pursuant to § 5423 of this title.

(4) "Endowment Account" means the account by that name created within the Conservation Trust Fund pursuant to § 5423 of this title.

(5) "Project" means the planning for, and the acquisition and development of property, undertaken to achieve the purposes of this chapter.

(6) "Secretary" means the Secretary of the Department.

(7) "State agency" means the following units of state government which manage natural and cultural resources: Department of Natural Resources and Environmental Control (Division of Parks and Recreation and Fish and Wildlife), Department of State (Division of Historical and Cultural Affairs) and the Department of Agriculture (Division of Resource Management).

(8) "Stewardship Account" means the account by that name created within the Conservation Trust Fund pursuant to § 5423 of this title. Generally, this account shall hold funds to be used in the planning for and implementation of management projects on public lands that promote cultural preservation and conservation activities related to plants and animals and their habitat.

67 Del. Laws, c. 336, § 2; 68 Del. Laws, c. 385, § 1; 71 Del. Laws, c. 349, § 3; 73 Del. Laws, c. 88, § 1.;

§ 5422. General.

The purpose of this subchapter is to provide funding to implement the conservation program described in Volume 65, Chapter 212 of the Laws of Delaware. Funding to achieve the purposes of this subchapter shall be provided from appropriations by the State, grants from the federal government, funds in the Conservation Trust Fund and the earnings thereon, private donations and any other sources which may be available from time to time. The Department is authorized and directed to encourage and seek funding from any available private and public sources.

67 Del. Laws, c. 336, § 2; 71 Del. Laws, c. 349, § 4.;

§ 5423. Delaware Land and Water Conservation Trust Fund.

(a) There is created and established under the jurisdiction and control of the Department a trust fund to be known as the Delaware Land and Water Conservation Trust Fund to implement the conservation program described in Volume 65, Chapter 212 of the Laws of Delaware. Within the Conservation Trust Fund there is established an "Endowment Account," a "Stewardship Account," a "Project Account," and an "Earnings Account." Funds in the Conservation Trust Fund shall be applied for the purposes of this subchapter as hereinafter provided.

(b)(1) The corpus of funds remaining on deposit in the Delaware Land and Water Conservation Trust Fund maintained under § 4733 [repealed] of Title 7 on July 13, 1990, shall be deposited in the Endowment Account. Any earnings on said corpus still on deposit in said Fund on July 13, 1990, and all earnings on the funds in the Endowment Account, shall be distributed as follows: 2/3 to the Earnings Account and 1/3 to the Stewardship Account. Additional deposits shall be made to the Endowment Account from realty transfer taxes as hereinafter provided, from other state funds as the General Assembly may from time to time determine, and from any other public and private sources which may from time to time be made available. The Endowment Account is intended to provide a permanent endowment to accomplish the purposes of this subchapter. The corpus of the Endowment Account shall not be invaded.

(2) On or before December 15 of each fiscal year except the fiscal year ending June 30, 2000, the State shall transfer $1,000,000 of realty transfer taxes to the Endowment Account until such account reaches $60,000,000 as hereinafter provided. For the fiscal year ending June 30, 2000, the State shall transfer $3,000,000 to the Endowment Account.

(3) After the amount in the Endowment Account equals $60,000,000, no further transfers of realty transfer taxes shall be made into the Endowment Account or the Project Account.

(c)(1) Funds in the Project Account, and the earnings thereon to be retained therein, shall be applied by the Department to pay the costs of planning, and acquisition and development of property, to achieve the purposes of this subchapter. The Project Account shall be funded by a transfer of $9,000,000 of realty transfer taxes on or before December 15 of each fiscal year until such time as the Endowment Account reaches $60,000,000 as heretofore provided, from other state funds as the General Assembly may from time to time determine, and from any other public and private sources which may from time to time be made available. The Project Account is intended to provide funds for current expenditure to achieve the purposes of this subchapter although the Department may, in its discretion, accumulate funds in the Project Account for particular project purposes.

(2) It is intended that property acquired or improved with funds from the Project Account shall remain in public outdoor recreation and conservation use in perpetuity. Said property may not be converted to other uses without a subsequent act of the General Assembly. If the General Assembly approved the sale or lease of any project or portion thereof, the State shall receive its pro rata share of net sale and/or lease income. Said funds shall be deposited in the Project Account to be immediately available for other projects.

(3) [Deleted.]

(d)(1) Funds in the Earnings Account, and the earnings thereon, which are to be retained therein, shall be disbursed, upon application, to state agencies, counties, municipal governments and local park districts, to pay the costs of planning, and acquisition and development of property, to achieve the purposes of this subchapter. Not more than 50% of a total project cost may be paid from the Conservation Trust Fund; except that up to 75% of a project cost may be paid where the applicant is a local park district and up to 100% of a total project cost may be paid where the applicant is a state agency, if the park district or state agency, as applicable, provides evidence satisfactory to the Department that no other matching funds or in-kind contributions are available. In any given year, state agencies shall only be eligible to receive funds as defined in this section where the Secretary determines that available funds exceed the eligible project requests from nonstate applicants. Private entities, including nonprofit entities, and school districts shall not be eligible for a grant from the Earnings Account. At the end of each fiscal year the Secretary may transfer from the Earnings Account to the Project Account all funds in the Earnings Account which have not been reserved for grants under this subsection. Funds in the Earnings Account shall be eligible to fund Greenways Projects in accordance with the provisions of § 6102A(c)(1) of Title 29 and the provisions of § 8017A of Title 29.

(2) The applicant requesting funds from the Earnings Account must provide evidence satisfactory to the Department that the required matching funds have been committed or will be expended for the proposed project. Any property already held or expenditures already made by the applicant may not be counted as part of an applicant's matching contribution. In-kind contributions of land, services and/or materials provided by the applicant or received by the applicant from other sources may be used by the applicant to satisfy its matching requirement.

(3) All expenses of operation and maintenance for property acquired with funds from the Earnings Account shall be borne perpetually by the applicant.

(4) It is intended that property acquired or improved with funds from the Earnings Account shall remain in public outdoor recreation and conservation use in perpetuity. Said property may not be converted to other uses without a subsequent act of the General Assembly. If the General Assembly approved the sale or lease of any project or a portion thereof, the State shall receive its pro rata share of net sale and/or lease income. Said funds shall be deposited in the Earnings Account to be immediately available for other projects.

(e) Funds in the Stewardship Account, and the earnings thereon, which are to be retained therein, shall be disbursed proportionately by the Secretary according to the following formula: 35% to the Division of Parks and Recreation, 35% to the Division of Fish and Wildlife, 10% to the Division of Historical and Cultural Affairs, and 20% to the Department of Agriculture Forest Service. The Secretary shall maintain an annual accounting of all expenditures for reporting to the General Assembly and shall include a summary of all program activities in the 5-year Open Space Report. The Stewardship Account is intended to provide funds for current expenditure, although the state agencies may, in their discretion, accumulate funds in the Stewardship Account for particular project purposes. It is the intent of the General Assembly that funds in the Stewardship Account shall be used by the state agencies for management and preservation of biological and cultural resources in addition to any other funds which have been previously appropriated for this purpose or which may be so appropriated in the future.

67 Del. Laws, c. 336, § 2; 68 Del. Laws, c. 14, §§ 1, 2; 68 Del. Laws, c. 385, §§ 2, 3; 69 Del. Laws, c. 348, § 3; 70 Del. Laws, c. 186, § 1; 70 Del. Laws, c. 210, § 29; 71 Del. Laws, c. 349, § 5-11; 72 Del. Laws, c. 489, §§ 95, 96; 73 Del. Laws, c. 8, § 4; 73 Del. Laws, c. 88, §§ 1-7, 9[8]; 77 Del. Laws, c. 329, § 83.;

§§ 5424, 5425. Revenue bonds; Payment of tax receipts to Conservation Trust Fund.

Repealed by 71 Del. Laws, c. 349, § 12.

§ 5426. Farmland Preservation Fund receipt transfer.

On or before October 15 of each fiscal year, the State shall transfer $10 million in receipts received under Chapter 54 of this title, to the Farmland Preservation Fund maintained under Chapter 9 of Title 3.

75 Del. Laws, c. 203, § 1.;

State Codes and Statutes

Statutes > Delaware > Title30 > C054 > C054-sc02

TITLE 30

State Taxes

Commodity Taxes

CHAPTER 54. REALTY TRANSFER TAX

Subchapter II. Conservation Trust Fund, Assignment of Tax Revenue

§ 5421. Definitions.

The following words, terms and phrases, when used in this subchapter, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning:

(1) "Conservation Trust Fund" means the Delaware Land and Water Conservation Trust Fund established and maintained pursuant to this subchapter.

(2) "Department" means the Department of Natural Resources and Environmental Control.

(3) "Earnings Account" means the account by that name created within the Conservation Trust Fund pursuant to § 5423 of this title.

(4) "Endowment Account" means the account by that name created within the Conservation Trust Fund pursuant to § 5423 of this title.

(5) "Project" means the planning for, and the acquisition and development of property, undertaken to achieve the purposes of this chapter.

(6) "Secretary" means the Secretary of the Department.

(7) "State agency" means the following units of state government which manage natural and cultural resources: Department of Natural Resources and Environmental Control (Division of Parks and Recreation and Fish and Wildlife), Department of State (Division of Historical and Cultural Affairs) and the Department of Agriculture (Division of Resource Management).

(8) "Stewardship Account" means the account by that name created within the Conservation Trust Fund pursuant to § 5423 of this title. Generally, this account shall hold funds to be used in the planning for and implementation of management projects on public lands that promote cultural preservation and conservation activities related to plants and animals and their habitat.

67 Del. Laws, c. 336, § 2; 68 Del. Laws, c. 385, § 1; 71 Del. Laws, c. 349, § 3; 73 Del. Laws, c. 88, § 1.;

§ 5422. General.

The purpose of this subchapter is to provide funding to implement the conservation program described in Volume 65, Chapter 212 of the Laws of Delaware. Funding to achieve the purposes of this subchapter shall be provided from appropriations by the State, grants from the federal government, funds in the Conservation Trust Fund and the earnings thereon, private donations and any other sources which may be available from time to time. The Department is authorized and directed to encourage and seek funding from any available private and public sources.

67 Del. Laws, c. 336, § 2; 71 Del. Laws, c. 349, § 4.;

§ 5423. Delaware Land and Water Conservation Trust Fund.

(a) There is created and established under the jurisdiction and control of the Department a trust fund to be known as the Delaware Land and Water Conservation Trust Fund to implement the conservation program described in Volume 65, Chapter 212 of the Laws of Delaware. Within the Conservation Trust Fund there is established an "Endowment Account," a "Stewardship Account," a "Project Account," and an "Earnings Account." Funds in the Conservation Trust Fund shall be applied for the purposes of this subchapter as hereinafter provided.

(b)(1) The corpus of funds remaining on deposit in the Delaware Land and Water Conservation Trust Fund maintained under § 4733 [repealed] of Title 7 on July 13, 1990, shall be deposited in the Endowment Account. Any earnings on said corpus still on deposit in said Fund on July 13, 1990, and all earnings on the funds in the Endowment Account, shall be distributed as follows: 2/3 to the Earnings Account and 1/3 to the Stewardship Account. Additional deposits shall be made to the Endowment Account from realty transfer taxes as hereinafter provided, from other state funds as the General Assembly may from time to time determine, and from any other public and private sources which may from time to time be made available. The Endowment Account is intended to provide a permanent endowment to accomplish the purposes of this subchapter. The corpus of the Endowment Account shall not be invaded.

(2) On or before December 15 of each fiscal year except the fiscal year ending June 30, 2000, the State shall transfer $1,000,000 of realty transfer taxes to the Endowment Account until such account reaches $60,000,000 as hereinafter provided. For the fiscal year ending June 30, 2000, the State shall transfer $3,000,000 to the Endowment Account.

(3) After the amount in the Endowment Account equals $60,000,000, no further transfers of realty transfer taxes shall be made into the Endowment Account or the Project Account.

(c)(1) Funds in the Project Account, and the earnings thereon to be retained therein, shall be applied by the Department to pay the costs of planning, and acquisition and development of property, to achieve the purposes of this subchapter. The Project Account shall be funded by a transfer of $9,000,000 of realty transfer taxes on or before December 15 of each fiscal year until such time as the Endowment Account reaches $60,000,000 as heretofore provided, from other state funds as the General Assembly may from time to time determine, and from any other public and private sources which may from time to time be made available. The Project Account is intended to provide funds for current expenditure to achieve the purposes of this subchapter although the Department may, in its discretion, accumulate funds in the Project Account for particular project purposes.

(2) It is intended that property acquired or improved with funds from the Project Account shall remain in public outdoor recreation and conservation use in perpetuity. Said property may not be converted to other uses without a subsequent act of the General Assembly. If the General Assembly approved the sale or lease of any project or portion thereof, the State shall receive its pro rata share of net sale and/or lease income. Said funds shall be deposited in the Project Account to be immediately available for other projects.

(3) [Deleted.]

(d)(1) Funds in the Earnings Account, and the earnings thereon, which are to be retained therein, shall be disbursed, upon application, to state agencies, counties, municipal governments and local park districts, to pay the costs of planning, and acquisition and development of property, to achieve the purposes of this subchapter. Not more than 50% of a total project cost may be paid from the Conservation Trust Fund; except that up to 75% of a project cost may be paid where the applicant is a local park district and up to 100% of a total project cost may be paid where the applicant is a state agency, if the park district or state agency, as applicable, provides evidence satisfactory to the Department that no other matching funds or in-kind contributions are available. In any given year, state agencies shall only be eligible to receive funds as defined in this section where the Secretary determines that available funds exceed the eligible project requests from nonstate applicants. Private entities, including nonprofit entities, and school districts shall not be eligible for a grant from the Earnings Account. At the end of each fiscal year the Secretary may transfer from the Earnings Account to the Project Account all funds in the Earnings Account which have not been reserved for grants under this subsection. Funds in the Earnings Account shall be eligible to fund Greenways Projects in accordance with the provisions of § 6102A(c)(1) of Title 29 and the provisions of § 8017A of Title 29.

(2) The applicant requesting funds from the Earnings Account must provide evidence satisfactory to the Department that the required matching funds have been committed or will be expended for the proposed project. Any property already held or expenditures already made by the applicant may not be counted as part of an applicant's matching contribution. In-kind contributions of land, services and/or materials provided by the applicant or received by the applicant from other sources may be used by the applicant to satisfy its matching requirement.

(3) All expenses of operation and maintenance for property acquired with funds from the Earnings Account shall be borne perpetually by the applicant.

(4) It is intended that property acquired or improved with funds from the Earnings Account shall remain in public outdoor recreation and conservation use in perpetuity. Said property may not be converted to other uses without a subsequent act of the General Assembly. If the General Assembly approved the sale or lease of any project or a portion thereof, the State shall receive its pro rata share of net sale and/or lease income. Said funds shall be deposited in the Earnings Account to be immediately available for other projects.

(e) Funds in the Stewardship Account, and the earnings thereon, which are to be retained therein, shall be disbursed proportionately by the Secretary according to the following formula: 35% to the Division of Parks and Recreation, 35% to the Division of Fish and Wildlife, 10% to the Division of Historical and Cultural Affairs, and 20% to the Department of Agriculture Forest Service. The Secretary shall maintain an annual accounting of all expenditures for reporting to the General Assembly and shall include a summary of all program activities in the 5-year Open Space Report. The Stewardship Account is intended to provide funds for current expenditure, although the state agencies may, in their discretion, accumulate funds in the Stewardship Account for particular project purposes. It is the intent of the General Assembly that funds in the Stewardship Account shall be used by the state agencies for management and preservation of biological and cultural resources in addition to any other funds which have been previously appropriated for this purpose or which may be so appropriated in the future.

67 Del. Laws, c. 336, § 2; 68 Del. Laws, c. 14, §§ 1, 2; 68 Del. Laws, c. 385, §§ 2, 3; 69 Del. Laws, c. 348, § 3; 70 Del. Laws, c. 186, § 1; 70 Del. Laws, c. 210, § 29; 71 Del. Laws, c. 349, § 5-11; 72 Del. Laws, c. 489, §§ 95, 96; 73 Del. Laws, c. 8, § 4; 73 Del. Laws, c. 88, §§ 1-7, 9[8]; 77 Del. Laws, c. 329, § 83.;

§§ 5424, 5425. Revenue bonds; Payment of tax receipts to Conservation Trust Fund.

Repealed by 71 Del. Laws, c. 349, § 12.

§ 5426. Farmland Preservation Fund receipt transfer.

On or before October 15 of each fiscal year, the State shall transfer $10 million in receipts received under Chapter 54 of this title, to the Farmland Preservation Fund maintained under Chapter 9 of Title 3.

75 Del. Laws, c. 203, § 1.;


State Codes and Statutes

State Codes and Statutes

Statutes > Delaware > Title30 > C054 > C054-sc02

TITLE 30

State Taxes

Commodity Taxes

CHAPTER 54. REALTY TRANSFER TAX

Subchapter II. Conservation Trust Fund, Assignment of Tax Revenue

§ 5421. Definitions.

The following words, terms and phrases, when used in this subchapter, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning:

(1) "Conservation Trust Fund" means the Delaware Land and Water Conservation Trust Fund established and maintained pursuant to this subchapter.

(2) "Department" means the Department of Natural Resources and Environmental Control.

(3) "Earnings Account" means the account by that name created within the Conservation Trust Fund pursuant to § 5423 of this title.

(4) "Endowment Account" means the account by that name created within the Conservation Trust Fund pursuant to § 5423 of this title.

(5) "Project" means the planning for, and the acquisition and development of property, undertaken to achieve the purposes of this chapter.

(6) "Secretary" means the Secretary of the Department.

(7) "State agency" means the following units of state government which manage natural and cultural resources: Department of Natural Resources and Environmental Control (Division of Parks and Recreation and Fish and Wildlife), Department of State (Division of Historical and Cultural Affairs) and the Department of Agriculture (Division of Resource Management).

(8) "Stewardship Account" means the account by that name created within the Conservation Trust Fund pursuant to § 5423 of this title. Generally, this account shall hold funds to be used in the planning for and implementation of management projects on public lands that promote cultural preservation and conservation activities related to plants and animals and their habitat.

67 Del. Laws, c. 336, § 2; 68 Del. Laws, c. 385, § 1; 71 Del. Laws, c. 349, § 3; 73 Del. Laws, c. 88, § 1.;

§ 5422. General.

The purpose of this subchapter is to provide funding to implement the conservation program described in Volume 65, Chapter 212 of the Laws of Delaware. Funding to achieve the purposes of this subchapter shall be provided from appropriations by the State, grants from the federal government, funds in the Conservation Trust Fund and the earnings thereon, private donations and any other sources which may be available from time to time. The Department is authorized and directed to encourage and seek funding from any available private and public sources.

67 Del. Laws, c. 336, § 2; 71 Del. Laws, c. 349, § 4.;

§ 5423. Delaware Land and Water Conservation Trust Fund.

(a) There is created and established under the jurisdiction and control of the Department a trust fund to be known as the Delaware Land and Water Conservation Trust Fund to implement the conservation program described in Volume 65, Chapter 212 of the Laws of Delaware. Within the Conservation Trust Fund there is established an "Endowment Account," a "Stewardship Account," a "Project Account," and an "Earnings Account." Funds in the Conservation Trust Fund shall be applied for the purposes of this subchapter as hereinafter provided.

(b)(1) The corpus of funds remaining on deposit in the Delaware Land and Water Conservation Trust Fund maintained under § 4733 [repealed] of Title 7 on July 13, 1990, shall be deposited in the Endowment Account. Any earnings on said corpus still on deposit in said Fund on July 13, 1990, and all earnings on the funds in the Endowment Account, shall be distributed as follows: 2/3 to the Earnings Account and 1/3 to the Stewardship Account. Additional deposits shall be made to the Endowment Account from realty transfer taxes as hereinafter provided, from other state funds as the General Assembly may from time to time determine, and from any other public and private sources which may from time to time be made available. The Endowment Account is intended to provide a permanent endowment to accomplish the purposes of this subchapter. The corpus of the Endowment Account shall not be invaded.

(2) On or before December 15 of each fiscal year except the fiscal year ending June 30, 2000, the State shall transfer $1,000,000 of realty transfer taxes to the Endowment Account until such account reaches $60,000,000 as hereinafter provided. For the fiscal year ending June 30, 2000, the State shall transfer $3,000,000 to the Endowment Account.

(3) After the amount in the Endowment Account equals $60,000,000, no further transfers of realty transfer taxes shall be made into the Endowment Account or the Project Account.

(c)(1) Funds in the Project Account, and the earnings thereon to be retained therein, shall be applied by the Department to pay the costs of planning, and acquisition and development of property, to achieve the purposes of this subchapter. The Project Account shall be funded by a transfer of $9,000,000 of realty transfer taxes on or before December 15 of each fiscal year until such time as the Endowment Account reaches $60,000,000 as heretofore provided, from other state funds as the General Assembly may from time to time determine, and from any other public and private sources which may from time to time be made available. The Project Account is intended to provide funds for current expenditure to achieve the purposes of this subchapter although the Department may, in its discretion, accumulate funds in the Project Account for particular project purposes.

(2) It is intended that property acquired or improved with funds from the Project Account shall remain in public outdoor recreation and conservation use in perpetuity. Said property may not be converted to other uses without a subsequent act of the General Assembly. If the General Assembly approved the sale or lease of any project or portion thereof, the State shall receive its pro rata share of net sale and/or lease income. Said funds shall be deposited in the Project Account to be immediately available for other projects.

(3) [Deleted.]

(d)(1) Funds in the Earnings Account, and the earnings thereon, which are to be retained therein, shall be disbursed, upon application, to state agencies, counties, municipal governments and local park districts, to pay the costs of planning, and acquisition and development of property, to achieve the purposes of this subchapter. Not more than 50% of a total project cost may be paid from the Conservation Trust Fund; except that up to 75% of a project cost may be paid where the applicant is a local park district and up to 100% of a total project cost may be paid where the applicant is a state agency, if the park district or state agency, as applicable, provides evidence satisfactory to the Department that no other matching funds or in-kind contributions are available. In any given year, state agencies shall only be eligible to receive funds as defined in this section where the Secretary determines that available funds exceed the eligible project requests from nonstate applicants. Private entities, including nonprofit entities, and school districts shall not be eligible for a grant from the Earnings Account. At the end of each fiscal year the Secretary may transfer from the Earnings Account to the Project Account all funds in the Earnings Account which have not been reserved for grants under this subsection. Funds in the Earnings Account shall be eligible to fund Greenways Projects in accordance with the provisions of § 6102A(c)(1) of Title 29 and the provisions of § 8017A of Title 29.

(2) The applicant requesting funds from the Earnings Account must provide evidence satisfactory to the Department that the required matching funds have been committed or will be expended for the proposed project. Any property already held or expenditures already made by the applicant may not be counted as part of an applicant's matching contribution. In-kind contributions of land, services and/or materials provided by the applicant or received by the applicant from other sources may be used by the applicant to satisfy its matching requirement.

(3) All expenses of operation and maintenance for property acquired with funds from the Earnings Account shall be borne perpetually by the applicant.

(4) It is intended that property acquired or improved with funds from the Earnings Account shall remain in public outdoor recreation and conservation use in perpetuity. Said property may not be converted to other uses without a subsequent act of the General Assembly. If the General Assembly approved the sale or lease of any project or a portion thereof, the State shall receive its pro rata share of net sale and/or lease income. Said funds shall be deposited in the Earnings Account to be immediately available for other projects.

(e) Funds in the Stewardship Account, and the earnings thereon, which are to be retained therein, shall be disbursed proportionately by the Secretary according to the following formula: 35% to the Division of Parks and Recreation, 35% to the Division of Fish and Wildlife, 10% to the Division of Historical and Cultural Affairs, and 20% to the Department of Agriculture Forest Service. The Secretary shall maintain an annual accounting of all expenditures for reporting to the General Assembly and shall include a summary of all program activities in the 5-year Open Space Report. The Stewardship Account is intended to provide funds for current expenditure, although the state agencies may, in their discretion, accumulate funds in the Stewardship Account for particular project purposes. It is the intent of the General Assembly that funds in the Stewardship Account shall be used by the state agencies for management and preservation of biological and cultural resources in addition to any other funds which have been previously appropriated for this purpose or which may be so appropriated in the future.

67 Del. Laws, c. 336, § 2; 68 Del. Laws, c. 14, §§ 1, 2; 68 Del. Laws, c. 385, §§ 2, 3; 69 Del. Laws, c. 348, § 3; 70 Del. Laws, c. 186, § 1; 70 Del. Laws, c. 210, § 29; 71 Del. Laws, c. 349, § 5-11; 72 Del. Laws, c. 489, §§ 95, 96; 73 Del. Laws, c. 8, § 4; 73 Del. Laws, c. 88, §§ 1-7, 9[8]; 77 Del. Laws, c. 329, § 83.;

§§ 5424, 5425. Revenue bonds; Payment of tax receipts to Conservation Trust Fund.

Repealed by 71 Del. Laws, c. 349, § 12.

§ 5426. Farmland Preservation Fund receipt transfer.

On or before October 15 of each fiscal year, the State shall transfer $10 million in receipts received under Chapter 54 of this title, to the Farmland Preservation Fund maintained under Chapter 9 of Title 3.

75 Del. Laws, c. 203, § 1.;