(a) In addition to other powers the county may have, and notwithstanding the provisions of any other public local law, or public general law, the county may borrow money by issuing and selling bonds for the purposes stated in § 3302(b) of this title, if a request to the county is made by both:
(1) The owners of at least 2/3 of the assessed valuation of the real property located within the special development district; and
(2) At least 2/3 of the owners of the acreage located within the special development district, provided that:
a. Multiple owners of a single parcel are treated as a single owner; and
b. A single owner of multiple parcels is treated as 1 owner.
(b) This section is self-executing and does not require the county to enact legislation to exercise the powers granted under this section.
Structure Delaware Code
Chapter 33. NEW CASTLE COUNTY SPECIAL DEVELOPMENT DISTRICTS
§ 3302. Special taxes authorized; purpose; requirements and restrictions.
§ 3303. Issuance and sale of bonds; section self-executing.
§ 3304. Bonds payable from special fund; complementary powers of governing body; proceeds.
§ 3305. Actions necessary before issuing bonds.
§ 3306. When no bonds outstanding.
§ 3307. Adoption of ordinance to implement authority.
§ 3309. Bond form; signatures; maturity; manner of sale.
§ 3310. Bonds issued are securities.
§ 3311. Powers granted are supplemental to other laws.
§ 3312. Construction of chapter.
§ 3313. Special taxes on real property as alternative to ad valorem taxes.
§ 3314. Bonds not to constitute general obligation debt.
§ 3315. Special Development District consistency with certified comprehensive plan.
§ 3316. Limitation on ad valorem or special taxes within Special Development District.