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2025 Delaware Code
Title 9 - Counties
Chapter 33. NEW CASTLE COUNTY SPECIAL DEVELOPMENT DISTRICTS
§ 3314. Bonds not to constitute general obligation debt.
Universal Citation:
9 DE Code § 3314 (2025)
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§ 3314. Bonds not to constitute general obligation debt.
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.
76 Del. Laws, c. 187, § 2;
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