(a) All property including funds of an authority shall be exempt from levy and sale by virtue of an execution, and no execution or other judicial process shall issue against the same nor shall judgment against an authority be a charge or lien upon its property. The provisions of this section shall not apply to or limit the right of obligees to foreclose or otherwise enforce any mortgage of an authority or the right of obligees to pursue any remedies for the enforcement of any pledge or lien given by an authority on its rents, fees, grants or revenues.
(b) The property of an authority is declared to be public property used for essential public and governmental purposes and such property and an authority shall be exempt from all taxes of the municipality, the county, the State or any political subdivision thereof. With respect to any property in a redevelopment project, the tax exemption provided in this section shall terminate when the authority sells, leases or otherwise disposes of such property to a redeveloper for redevelopment.
Structure Delaware Code
Chapter 45. SLUM CLEARANCE AND REDEVELOPMENT AUTHORITY LAW
§ 4502. Declaration of necessity.
§ 4503. Creation of slum clearance and redevelopment authority.
§ 4505. Regional slum clearance and redevelopment authority.
§ 4506. Area of operation of regional authority.
§ 4507. Board of commissioners; number; tenure of office; vacancies.
§ 4508. Appointment of commissioners for each additional community; tenure.
§ 4509. Odd and even number of communities; tenure; certificate of appointment as evidence.
§ 4511. Power of authority; quorum; meetings; qualifications for appointment as commissioner.
§ 4512. Officers; employees; duties and compensation; legal services.
§ 4513. Removal; hearing; filing of proceedings in office of municipal or county clerk's office.
§ 4514. Actions or proceedings; proof of adoption of resolutions as evidence.
§ 4515. Interest in contracts; disclosure of interest; violations.
§ 4516. Powers of an authority.
§ 4517. Approval of redevelopment plans.
§ 4518. Finding of necessity by local governing body.
§ 4519. General plan prior to recommendation of redevelopment plan.
§ 4520. Preparation of redevelopment plan; contents.
§ 4521. Submission of plan for review and recommendations.
§ 4522. Considerations prior to recommendation of plan.
§ 4523. Statement of proposed costs; revenue, finances and relocation of displaced families.
§ 4524. Public hearing; notice; publication.
§ 4525. Approval of plan; required findings.
§ 4526. Modification of plan; notice; objections.
§ 4527. Disposal of property in redevelopment project.
§ 4529. Acquisition and development of undeveloped vacant land.
§ 4531. Powers in connection with issuance of bonds.
§ 4533. Bonds as legal investments.
§ 4534. Conveyance to federal government on default.
§ 4535. Property of authority exempt from taxes, from levy and sale by virtue of an execution.
§ 4536. Cooperation by public bodies.
§ 4537. Grant of funds by community.
§ 4538. Cooperation between authorities.
§ 4541. Preparation of general plan by local governing body.