Delaware Code (Titles 8, 9, 25, 30)
9 Del. C. § 5410
Agreements to pay revenue from taxes on tax increment into special fund
Official textdelcode.delaware.gov
A municipality, school district, or other taxing body that taxes property within the County which is not an issuing body may pledge, by written agreement, that some or all of its property taxes levied on the tax increment shall also be paid into a special fund created pursuant to § 5407 of this title. Such agreement shall be between the County and the taxing body and shall run to the benefit of and be enforceable on behalf of any holder of the bonds.
Amendment history
81 Del. Laws, c. 25, § 1
Source: view the official text
In this title (40 sections)
- 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
- 9-5510 · Bonds issued are securities
- 9-5511 · Powers granted are supplemental to other laws
- 9-5512 · Construction of chapter