The State covenants and agrees with the holders of any bonds, other securities or obligations or contractual obligations of the Authority, assumed, issued or incurred by it and as security for which there may or may not be pledged the fees and revenues of any part thereof of any facility or other project that the State will not, so long as any of such bonds, other obligations or contractual obligations remain outstanding and unpaid, diminish or impair the power of the Authority to establish, levy and collect fees and other charges in connection therewith and that the State will not, so long as any of such bonds, other obligations or contractual obligations remain outstanding and unpaid, terminate the Authority or authorize any other authority or facility to undertake or assume the functions of the Authority, unless adequate provision shall be made by law for the protection of those advancing money or providing services with respect to such obligations.
Structure Delaware Code
Chapter 64. DELAWARE SOLID WASTE AUTHORITY
Subchapter I. General Provisions
§ 6401. Findings; policy; purpose.
§ 6403. Establishment, composition, etc., of Authority.
§ 6404. Functions of Authority.
§ 6407. Funds and transfers of interests.
§ 6409. Covenant with bondholders.
§ 6410. Securities investments.
§ 6413. No pledge of credit; exception.
§ 6419. Remedies of bondholders.
§ 6421. Public bodies to pay service charges.
§ 6423. Construction of chapter.
§ 6424. Cooperation with United States.
§ 6426. Indemnification of directors.
§ 6427. Industrial solid waste.
§ 6428. Deposit of solid waste generated outside State prohibited.
§ 6429. Material and energy recovery facility for Kent County and Sussex County.
§ 6430. Collection and transportation of infectious waste.