Delaware Code
Chapter 14. WATER AND/OR SEWER AUTHORITIES
§ 1410. Exemption of projects from taxes.

No authority shall be required to pay any taxes or assessments upon any project acquired, constructed or operated by it under this chapter or upon the income therefrom, and the bonds issued under this chapter, their transfer and the income therefrom (including any profit made on the sale thereof) shall at all times be free from taxation by the State or any of its political subdivisions or by any town or incorporated municipality or any other public agency within the State.

Structure Delaware Code

Delaware Code

Title 16 - Health and Safety

Chapter 14. WATER AND/OR SEWER AUTHORITIES

§ 1401. Definitions.

§ 1402. General referendum; creation of authority; certificate and recording; certification of information to Secretary of State.

§ 1403. Amendment of articles of incorporation.

§ 1404. Withdrawal or joinder of municipalities; procedure.

§ 1405. Exercise of powers by governing body; composition; quorum; personnel; salaries; records.

§ 1406. Character of authorities with reference to public health and welfare; projects; general powers.

§ 1407. Limits of powers.

§ 1408. Issuance of revenue bonds — Interest; maturity; use of proceeds; interim receipts or temporary bonds.

§ 1409. Issuance of revenue bonds — Faith and credit of State or political subdivisions as unaffected.

§ 1410. Exemption of projects from taxes.

§ 1411. Fixed charges in connection with projects; regulation of sewage; water meter readings.

§ 1412. Trust agreements to secure bonds; pledges and assignments; contents of authorizing resolutions; depositaries for bond sales proceeds.

§ 1413. Connection with sewerage system by abutting property owners; conditions.

§ 1414. Provisions permitted for inclusion in resolutions or trust agreements providing for bonds.

§ 1415. Moneys received as trust funds; fiscal agents to act as trustees.

§ 1416. Rights of bondholders and trustees.

§ 1417. Revenue refunding bonds; single issues of revenue bonds; applicability thereto of other provisions of this chapter.

§ 1418. Accreditation of bonds for investment purposes.

§ 1419. Transfer of interest by municipalities; use of certain lands; powers of municipalities.

§ 1420. Transfer of projects to municipalities; conditions; termination of authorities.

§ 1420A. Incorporation of project within other governmental system; assumption of debt.

§ 1421. Scope and construction of chapter.