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Delaware · Through 2026-08-10 (85 Del. Laws, c. 421, 424) · Newer source version available

9 Del. C. § 3314: Bonds not to constitute general obligation debt.

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Where this section sits in the code
  1. Title 9. Counties
  2. New Castle County
  3. CHAPTER 33. New Castle County Special Development Districts

Bonds issued under this chapter are a special obligation of the county or Special Development District (SDD) 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 subject to a TIF or SDD. Property owners who purchase subject to a TIF or SDD shall only be responsible for TIF or SDD obligations determined by the individual assessment of their property.

Collected 2026-09-05T23:02:11Z. Source file · JSON

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