Delaware Code (Titles 8, 9, 25, 30)
9 Del. C. § 5514
Bonds not to constitute general obligation debt
Official textdelcode.delaware.gov
Bonds issued under this chapter are a special obligation of the County 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 property in a special development district. Property owners who purchase property in a special development district shall only be responsible for the payment of ad valorem real property taxes and special taxes levied by the Levy Court pursuant to this chapter.
Amendment history
81 Del. Laws, c. 26, § 1
Source: view the official text
In this title (40 sections)
- 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
- 9-5607 · Abatement; creation of tax lien
- 9-5608 · Penalties
- 9-5609 · Additional remedies
- 9-5610 · Exceptions
- 9-6101 · Definitions
- 9-6102 · Borrowing power; limitations
- 9-6103 · Surplus funds; investment of
- 9-6104 · Salaries of clerks
- 9-6105 · Fire companies
- 9-6106 · Ambulance service
- 9-6107 · Cities and towns; aid for maintenance of public dumping areas