The State hereby pledges to and agrees with the holders of bonds issued pursuant to this chapter that the State will not limit or restrict the rights granted to the Authority by this chapter to construct, reconstruct, improve, extend, alter, modernize, repair, operate and maintain any transportation facilities, or to establish and collect such charges, fares, fees, rates, rentals and tolls as may be convenient or necessary to produce sufficient revenue to meet the expenses of maintenance and operation thereof and to fulfill the terms of any agreements made with the holders of bonds authorized by this chapter or in any way impair the rights or remedies of the holders of such bonds until the principal of, premium, if any, and interest on such bonds are fully paid and discharged.
Structure Delaware Code
Chapter 13. DELAWARE TRANSPORTATION AUTHORITY
§ 1302. Legislative findings and determinations.
§ 1304. Established; Director.
§ 1305. Turnpike maintenance and operations.
§ 1306. Aeronautics within the Department.
§ 1314. Authorization of state highway projects.
§ 1315. Credit of State not pledged to Authority bonds.
§ 1316. Bonds as legal investments; legal deposit.
§ 1317. Revenues as trust funds; pledge or assignment of revenues; security interest.
§ 1318. Certain contract with bondholders.
§ 1319. Exemption from taxation.
§ 1320. Special provisions relating to Delaware Turnpike.
§ 1321. Limitation on jurisdiction of political subdivisions.
§ 1322. Conveyance to Authority.
§ 1323. Audit of books and accounts.
§ 1324. Damage to private property.
§ 1325. Employees of the Delaware Transit Corporation and subsidiaries.
§ 1325A. Status of former DTA employees.
§ 1326. John F. Kennedy Memorial Highway.
§ 1327. Operation of service stations.
§ 1328. Application of state Freedom of Information Act.
§ 1329. Liability of Authority [Effective until Apr. 14, 2023].
§ 1329. Liability of Authority [Effective Apr. 14, 2023].