Delaware Code (Titles 8, 9, 25, 30)
9 Del. C. § 3314
Bonds not to constitute general obligation debt
Official textdelcode.delaware.gov
Bonds issued under this chapter are a special obligation of the county or Special Development District (SDD) and may not constitute a general obligation debt of the county, or a pledge of the county’s full faith and credit or taxing power. Bonds are nonrecourse to property owners who purchase subject to a TIF or SDD. Property owners who purchase subject to a TIF or SDD shall only be responsible for TIF or SDD obligations determined by the individual assessment of their property.
Amendment history
76 Del. Laws, c. 187, § 2
Source: view the official text
In this title (40 sections)
- 9-3209 · Agreements to pay revenue from taxes on tax increment into…
- 9-3210 · Ordinance authorizing bonds
- 9-3211 · Exemption of bonds from taxation
- 9-3212 · Nature and incidents of bonds
- 9-3213 · Taxation of leased property in TIF District
- 9-3214 · TIF District consistency with certified comprehensive plan
- 9-3215 · Construction of chapter
- 9-3301 · Definitions
- 9-3302 · Special taxes authorized; purpose; requirements and…
- 9-3303 · Issuance and sale of bonds; section self-executing
- 9-3304 · Bonds payable from special fund; complementary powers of…
- 9-3305 · Actions necessary before issuing bonds
- 9-3306 · When no bonds outstanding
- 9-3307 · Adoption of ordinance to implement authority
- 9-3308 · Taxation of bonds
- 9-3309 · Bond form; signatures; maturity; manner of sale
- 9-3310 · Bonds issued are securities
- 9-3311 · Powers granted are supplemental to other laws
- 9-3312 · Construction of chapter
- 9-3313 · Special taxes on real property as alternative to ad valorem…
- 9-3314 · Bonds not to constitute general obligation debt
- 9-3315 · Special Development District consistency with certified…
- 9-3316 · Limitation on ad valorem or special taxes within Special…
- 9-3401 · Definitions
- 9-3402 · Establishing a stormwater maintenance district
- 9-3403 · Public hearing
- 9-3404 · Creation of stormwater maintenance district
- 9-3405 · Agreements for stormwater maintenance authorized
- 9-3406 · Award of contracts
- 9-3407 · Levy and collection of stormwater maintenance fee
- 9-3408 · Administration of funds
- 9-3409 · Continuation and termination of contracts; consolidation of…
- 9-3410 · Annual budgeting
- 9-3501 · Short title
- 9-3502 · Legislative findings
- 9-3503 · Definitions
- 9-3504 · Powers of New Castle County
- 9-3505 · Creation of a neighborhood improvement district
- 9-3506 · Creation of the neighborhood improvement district management…
- 9-3507 · Powers of the neighborhood improvement district management…