Delaware Code (Titles 8, 9, 25, 30)
9 Del. C. § 5503
Authority granted; section self-executing
# (a)
In addition to other powers the County may have, and notwithstanding the provisions of any other public local law, or public general law, the County may borrow money by issuing and selling bonds, or impose ad valorem or special taxes under this chapter for any of the purposes stated in § 5502(b) of this title, if a request to the County is made by both:
# (1)
The owners of at least ⅔ of the assessed valuation of the real property located within the special development district; and
# (2)
At least ⅔ of the owners of the acreage located within the special development district, provided that:
a. Multiple owners of a single parcel are treated as a single owner; and
b. A single owner of multiple parcels is treated as 1 owner.
# (b)
This section is self-executing and does not require the County to enact legislation to exercise the powers granted under this section.
Amendment history
81 Del. Laws, c. 26, § 1
Source: view the official text
In this title (40 sections)
- 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
- 9-5513 · Special taxes on real property as alternative to ad valorem…
- 9-5514 · Bonds not to constitute general obligation debt
- 9-5515 · Special development district consistency with certified…
- 9-5516 · Limitation on ad valorem or special taxes within Special…
- 9-5601 · Definitions
- 9-5602 · Promulgation of property maintenance code
- 9-5603 · Department of Planning Services; administration and enforcement
- 9-5604 · Removal of weeds, grasses, refuse, rubbish, trash, or other…
- 9-5605 · Fees
- 9-5606 · Violation of regulations or chapter; notices and orders