The governing body of any municipality may adopt a resolution creating a special fund with respect to a TIF District, even though no bonds authorized by this chapter have been issued by such municipality with respect to that TIF District or are then outstanding. The taxes allocated to such special fund by § 1706(3)b. or c. of this title shall thereafter be paid over to such special fund, as long as such resolution remains in effect.
Structure Delaware Code
Chapter 17. MUNICIPAL TAX INCREMENT FINANCING ACT
§ 1703. Bonds to finance development of industrial, commercial or residential area authorized.
§ 1705. Application of bond proceeds.
§ 1706. Conditions precedent to issuance of bonds.
§ 1707. Resolution creating special fund.
§ 1708. Uses of special fund; issuance of general obligation bond.
§ 1708A. Pledge of revenue from taxes on tax increment into other fund.
§ 1709. Agreements to pay revenue from taxes on tax increment into special fund.
§ 1710. Ordinance authorizing bonds.
§ 1711. Exemption of bonds from taxation.
§ 1712. Nature and incidents of bonds.
§ 1713. TIF District consistency with certified comprehensive plan.
§ 1714. Construction of chapter.
§ 1715. Taxation of leased property in TIF District.
§ 1716. Special provision applicable to the City of Dover, Delaware.