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2025 Delaware Code
Title 3 - Agriculture
Chapter 9. DELAWARE AGRICULTURAL LANDS PRESERVATION ACT
Subchapter VI. Farmland Purchase and Preservation Loan Program
§ 947. Preservation Loan Fund.
Universal Citation:
3 DE Code § 947 (2025)
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§ 947. Preservation Loan Fund.
There is hereby established a Preservation Loan Fund to be maintained, operated, supervised and administered by the Foundation, and used for making loan payments and related transaction costs and expenses for the loans provided under this subchapter. Moneys for the Preservation Loan Fund may be derived from specific appropriations provided by the General Assembly, federal grants, county and municipal grants and private funding. The Fund shall be operated as a resolving fund, with moneys paid to the Foundation as repayment of loans or condemnation related compensation deposited in the Fund and used to make additional loans.
78 Del. Laws, c. 157, § 1;
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