In addition to whatever other powers it may have, and notwithstanding any limitation of law, the County may borrow money by issuing and selling bonds, at any time and from time to time, for the purpose of financing the development of an industrial, commercial, or residential area. The issuance of general obligation bonds pursuant to this chapter shall comply with any debt limits otherwise applicable to the County.
Structure Delaware Code
Chapter 54. KENT COUNTY TAX INCREMENT FINANCING ACT
§ 5403. Bonds to finance development of industrial, commercial, or residential area authorized.
§ 5405. Application of bond proceeds.
§ 5406. Conditions precedent to issuance of bonds.
§ 5407. Resolution creating special fund.
§ 5409. Pledge of revenue from taxes on tax increment into other fund.
§ 5410. Agreements to pay revenue from taxes on tax increment into special fund.
§ 5411. Ordinance authorizing bonds.
§ 5412. Exemption of bonds from taxation.
§ 5413. Nature and incidents of bonds.
§ 5414. Taxation of leased property in TIF District.
§ 5415. TIF District consistency with certified comprehensive plan.