Delaware Code (Titles 8, 9, 25, 30)
9 Del. C. § 6102
Borrowing power; limitations
# (a)
The government of Sussex County may, from time to time, borrow money in such amounts as it may find necessary promptly to pay the county warrants issued by it, and may issue certificates of indebtedness as evidence thereof; provided, however, that the amount of money borrowed shall not, at any 1 time, exceed the sum of $2,000,000.
# (b)
Any money so borrowed shall be applied to the particular fund for which it shall be borrowed, and shall be repaid from the taxes apportioned to such funds, as the taxes shall be collected. If the taxes apportioned to any fund, as to which money shall be borrowed, shall not in any year, be sufficient to repay such money, the deficiency shall be considered in making up the annual budget or estimate for the next year, and a tax rate shall be levied and apportioned sufficient to equalize such deficiency.
# (c)
The government of Sussex County may, from time to time, borrow money in such amounts as it may find necessary from federal and state grant funds, provided, that the same shall not be subject to the limitations set forth in subsection (a) of this section, that the same shall be repaid as set forth in subsection (b) of this section, and that the same shall be permitted by the granting authority.
Amendment history
28 Del. Laws, c. 76, § 5; 29 Del. Laws, c. 68, § 1; 50 Del. Laws, c. 114, § 1; 57 Del. Laws, c. 762, § 5B; 61 Del. Laws, c. 209, § 1; 61 Del. Laws, c. 394, § 1
Source: view the official text
In this title (40 sections)
- 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
- 9-6108 · Return Day observance
- 9-6109 · Operation of Courthouse
- 9-6110 · Rules and regulations
- 9-6111 · Real or immovable property; acquisition, lease, rental or…
- 9-6301 · Definitions
- 9-6302 · Application for construction permits
- 9-6303 · Reports on permits issued by incorporated cities or towns
- 9-6304 · Inspections
- 9-6305 · Fees
- 9-6306 · Records
- 9-6307 · Permits not required
- 9-6308 · Notice of violation
- 9-6309 · Occupancy
- 9-6310 · Violation and penalty