(a) The General Assembly hereby reaffirms all the findings made by the General Assembly in § 1302(a) of this title.
(b) The General Assembly further finds, that, in addition to the creation of the Delaware Transportation Authority and the grant of powers to the Authority by Chapter 13 of this title, there is a growing urgency to provide additional means to finance the maintenance and development of the integrated highway and air and water transportation system in the State for the economic benefits of the State and for the welfare and safety of the users of this transportation system.
(c) The General Assembly hereby determines that in order to provide additional means to finance this transportation system for the benefit of the State and the users of this transportation system, there shall be created a Transportation Trust Fund in the Authority and the Authority shall be granted the following powers, duties and functions relating to the management and disposition of receipts in the Transportation Trust Fund; and that the powers, duties and functions conferred on the Authority by this chapter constitute a valid public purpose and are necessary and proper for the purposes to be achieved by the Authority under this chapter; and that the expenditure of funds authorized by this chapter are for a valid public purpose and public use.
Structure Delaware Code
Chapter 14. TRANSPORTATION TRUST FUND
§ 1402. Legislative findings and determinations.
§ 1403. Application of chapter.
§ 1404. Establishment of Transportation Trust Fund.
§ 1405. Bonds secured by Transportation Trust Fund revenues.
§ 1406. Covenants with holders of bonds.
§ 1409. No alteration of rights.
§ 1410. Bonds as legal investments.
§ 1411. Property exempt from taxation.
§ 1412. Applicable provisions of Chapter 13.
§ 1413. Transfers from road improvement fund.
§ 1414. Repeal of §§ 1310 and 1312.
§ 1415. Transfers of motor fuel tax revenues.