9 Del. C. § 3314: Bonds not to constitute general obligation debt.
Where this section sits in the code
- Title 9. Counties
- New Castle County
- 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