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2021 Delaware Code
Title 22 - Municipalities
Chapter 17. Municipal Tax Increment Financing Act
§ 1709. Agreements to pay revenue from taxes on tax increment into special fund.
Universal Citation: 22 DE Code § 1709. (2021)
§ 1709. Agreements to pay revenue from taxes on tax increment into special fund.
A county, which is not the issuing body, may pledge, by written agreement, that some or all of its property taxes levied on the tax increment shall also be paid into a special fund created pursuant to § 1707 of this title. Such agreements shall be between the governing bodies of a municipality and the county. They shall run to the benefit of and be enforceable on behalf of any bondholder.
74 Del. Laws, c. 145, § 1;
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