Delaware Code (Titles 8, 9, 25, 30)
9 Del. C. § 5407
Resolution creating special fund
Official textdelcode.delaware.gov
The Levy Court may adopt a resolution creating a special fund with respect to a TIF District, even though no bonds authorized by this chapter have been issued by the County with respect to that TIF District or are then outstanding. The taxes allocated to such special fund by § 5406(3)b. or c. of this title shall thereafter be paid over to such special fund as long as such resolution remains in effect.
Amendment history
81 Del. Laws, c. 25, § 1
Source: view the official text
In this title (40 sections)
- 9-5201 · Definitions
- 9-5202 · Establishing a stormwater maintenance district
- 9-5203 · Public hearing
- 9-5204 · Creation of stormwater maintenance district
- 9-5205 · Agreements for stormwater maintenance authorized
- 9-5206 · Award of contracts
- 9-5207 · Levy and collection of stormwater maintenance fee
- 9-5208 · Administration of funds
- 9-5209 · Continuation and termination of contracts; consolidation of…
- 9-5210 · Annual budgeting
- 9-5301 · Authority to issue
- 9-5302 · Limited obligations
- 9-5303 · Form; terms
- 9-5304 · Conflicting laws
- 9-5401 · Title
- 9-5402 · Definitions
- 9-5403 · Bonds to finance development of industrial, commercial, or…
- 9-5404 · Payment of bonds
- 9-5405 · Application of bond proceeds
- 9-5406 · Conditions precedent to issuance of bonds
- 9-5407 · Resolution creating special fund
- 9-5408 · Uses of special fund
- 9-5409 · Pledge of revenue from taxes on tax increment into other fund
- 9-5410 · Agreements to pay revenue from taxes on tax increment into…
- 9-5411 · Ordinance authorizing bonds
- 9-5412 · Exemption of bonds from taxation
- 9-5413 · Nature and incidents of bonds
- 9-5414 · Taxation of leased property in TIF District
- 9-5415 · TIF District consistency with certified comprehensive plan
- 9-5416 · Referendum
- 9-5417 · Construction of chapter
- 9-5501 · Definitions
- 9-5502 · Special taxes authorized; purpose; requirements and…
- 9-5503 · Authority granted; section self-executing
- 9-5504 · Bonds payable from special fund; complementary powers of…
- 9-5505 · Special fund
- 9-5506 · When no bonds or other obligations outstanding
- 9-5507 · Adoption of ordinance to implement authority
- 9-5508 · Taxation of bonds
- 9-5509 · Bond form; signatures; maturity; manner of sale