Bonds issued under this chapter are a special obligation of the county or Special Development District (SDD) and may not constitute a general obligation debt of the county, or a pledge of the county's full faith and credit or taxing power. Bonds are nonrecourse to property owners who purchase subject to a TIF or SDD. Property owners who purchase subject to a TIF or SDD shall only be responsible for TIF or SDD obligations determined by the individual assessment of their property.
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.