The principal amount of the bonds, the interest payable on the bonds, their transfer and any income derived from the transfer, including any profit made in the sale or transfer of the bonds, shall be exempt from taxation by the State and by the counties and municipalities of the State.
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.