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2025 Delaware Code
Title 9 - Counties
Chapter 55. Kent County Special Development Districts
§ 5514. Bonds not to constitute general obligation debt.
Universal Citation:
9 DE Code § 5514 (2025)
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§ 5514. Bonds not to constitute general obligation debt.
Bonds issued under this chapter are a special obligation of the County 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 property in a special development district. Property owners who purchase property in a special development district shall only be responsible for the payment of ad valorem real property taxes and special taxes levied by the Levy Court pursuant to this chapter.
81 Del. Laws, c. 26, § 1;
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