(a) When no bonds are outstanding, the County may use money in the special fund for payment or reimbursement of debt service on other obligations that the County is obligated to pay under an agreement described in § 5502(b)(3) of this title.
(b) When no bonds are outstanding with respect to a special development district and no other obligations are outstanding:
(1) The special development district shall be terminated; and
(2) Any moneys remaining in the special fund on the date of termination of the special development district shall be paid to the general fund of the County.
Structure Delaware Code
Chapter 55. Kent County Special Development Districts
§ 5502. Special taxes authorized; purpose; requirements and restrictions.
§ 5503. Authority granted; section self-executing.
§ 5504. Bonds payable from special fund; complementary powers of governing body; proceeds.
§ 5506. When no bonds or other obligations outstanding.
§ 5507. Adoption of ordinance to implement authority.
§ 5509. Bond form; signatures; maturity; manner of sale.
§ 5510. Bonds issued are securities.
§ 5511. Powers granted are supplemental to other laws.
§ 5512. Construction of chapter.
§ 5513. Special taxes on real property as alternative to ad valorem taxes.
§ 5514. Bonds not to constitute general obligation debt.
§ 5515. Special development district consistency with certified comprehensive plan.
§ 5516. Limitation on ad valorem or special taxes within Special Development District.