Delaware Code
Subchapter I. Sidewalks, Streets, Signs, Drainage, Storm Sewers
§ 532. Special sinking fund.

The county government shall promptly deposit all funds received from the receiver of taxes and county treasurer from the collection of the special assessment or levy in a special sinking fund account, which shall be used for no other purpose than the retiring of the bonds and interest accruing thereon, after payment has been made to the Division of Highways for costs incurred as set forth elsewhere in this subchapter.

Structure Delaware Code

Delaware Code

Title 9 - Counties

Chapter 5. SUBURBAN COMMUNITY IMPROVEMENTS

Subchapter I. Sidewalks, Streets, Signs, Drainage, Storm Sewers

§ 501. Definitions.

§ 502. Bonds; power of county government to issue; terms of; faith and credit of county pledged to payment of bonds.

§ 503. Petition to county government for improvements; who may petition; contents.

§ 504. Survey and plot of community by State Department of Transportation.

§ 505. Determination by county government after receipt of survey and plot.

§ 506. Division of Highways data.

§ 507. Election to authorize bond issue; fixing time for holding.

§ 508. Contents of notice of election.

§ 509. Place, time and manner of voting; judge of election.

§ 510. Persons entitled to vote.

§ 511. Certification of result of election; retention of ballots.

§ 512. Notification to Director if bond issue authorized.

§ 513. Bonds; issuance by county government; resolution authorizing issuance and fixing terms of; use of general and other funds to finance construction.

§ 514. Preparation, form and execution of bonds.

§ 515. Sale of bonds; proceeds of sale; advertising required.

§ 516. Requirements for bidding on bonds.

§ 517. Rejection and acceptance of bids; opinion required.

§ 518. Rights-of-way; acquisition of; limitations on.

§ 519. Contracts for improvements; procedure for awarding.

§ 520. Exemption from limitations of county contract laws.

§ 521. Supervision of work.

§ 522. Payment to contractor.

§ 523. Maintenance of improvements.

§ 524. Assessment on real property in suburban community; time for making and basis.

§ 525. Determination of portion of total assessment payable annually; special lien; payment.

§ 526. Lien book; preparation and distribution.

§ 527. Notice of assessment; when to be given; contents; interest on delinquent installments.

§ 528. Record of lien on books of board of assessment.

§ 529. Receipt and disposition of assessment payments; bond.

§ 530. Bill for annual installment of assessment; mailing.

§ 531. Collection of assessments in default; procedure; deficiencies.

§ 532. Special sinking fund.

§ 533. Payment and retirement of bonds and interest.

§ 534. Cancellation of bonds.

§ 535. Suburban community streets and roads.