Bonds issued under this chapter are a special obligation of the County and may not constitute a general obligation debt of the County, or a pledge of the County's full faith and credit or taxing power. Bonds are nonrecourse to property owners who purchase property in a special development district. Property owners who purchase property in a special development district shall only be responsible for the payment of ad valorem real property taxes and special taxes levied by the Levy Court pursuant to this chapter.
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.