AN ACT TO AMEND CHAPTER 6, TITLE 9, DELAWARE CODE, BY PROVIDING FOR A MAXIMUM ANNUAL TAX RATE FOR THE COST OF MAINTAINING A PARK OR RECREATION AREA.
Be it enacted by the General Assembly of the State of Delaware:
Section I. § 654, Chapter 6, Title 9, Delaware Code, be and it hereby is amended by adding the following paragraph to be designated 654 (c):
(c) The estimated maximum annual tax rate for the cost of maintaining any park or recreation area, including all costs of supervision and recreational promotion, shall be computed and shall be stated on the ballot at the time of the election as provided in section 632 in terms of a certain rate on every hundred dollars of assessed valuation. The annual tax levied to provide funds for maintaining the park, including all costs of supervision and recreational promotion, for any fiscal year prior to the maturity of the bonds shall not exceed the estimated maximum annual tax rate for such maintenance as stated on the ballot at the time of the election by the residents of the suburban park community.