The State shall purchase any bonds and/or promissory notes to be issued by the College under the authority contained in this chapter or under any other provision of law of this State at private sale. The State may require that the validity of the bonds be approved by the Attorney General or the Attorney General's designee. The Board shall cause a complete record of the proceedings taken in relation to the issuance of the bonds to be made and kept with the Board's other records.
Structure Delaware Code
Chapter 91. Administrative Provisions
Subchapter II. Community College Infrastructure Fund
§ 9130. Establishment of Community College Infrastructure Fund; purposes; limitations.
§ 9131. Power of Board to issue promissory notes or bonds.
§ 9132. Faith and credit of the College; exemption of bonds from taxation.
§ 9133. Validity of bonds; incontestability.
§ 9134. Procedure governing sale of bonds to State.
§ 9135. Terms and form of bonds.
§ 9136. Designation, numbering, and date of bonds.
§ 9137. Place of payment of principal and interest.
§ 9138. Signing and sealing bonds.
§ 9140. Cancellation and destruction of paid bonds.
§ 9141. Replacement of lost, destroyed, or defaced bonds.
§ 9142. Rules and regulations governing fiscal records pertaining to bonds.