A municipality, school district or other taxing body within the county which is not an issuer may pledge, by written agreement, that some or all of its property taxes levied on the tax increment shall also be paid into a special fund created pursuant to § 3207 of this title. Such agreement shall be between the county council and the taxing body and shall run to the benefit of and be enforceable on behalf of any bondholder.
Structure Delaware Code
Chapter 32. NEW CASTLE COUNTY TAX INCREMENT FINANCING ACT
§ 3203. Bonds to finance development of industrial, commercial or residential area authorized.
§ 3205. Application of bond proceeds.
§ 3206. Conditions precedent to issuance of bonds.
§ 3207. Resolution creating special fund.
§ 3209. Agreements to pay revenue from taxes on tax increment into special fund.
§ 3210. Ordinance authorizing bonds.
§ 3211. Exemption of bonds from taxation.
§ 3212. Nature and incidents of bonds.
§ 3213. Taxation of leased property in TIF District.
§ 3214. TIF District consistency with certified comprehensive plan.