Delaware Code
Title 9 - Counties
Chapter 54. KENT COUNTY TAX INCREMENT FINANCING ACT

§ 5401. Title. - This chapter shall be known as the “Kent County Tax...

§ 5402. Definitions. - As used in this chapter: (1) “Act” means the Kent...

§ 5403. Bonds to finance development of industrial, commercial, or residential area authorized. - In addition to whatever other powers it may have, and...

§ 5404. Payment of bonds. - Bonds shall be payable from the special fund described in...

§ 5405. Application of bond proceeds. - All proceeds received from any bonds issued and sold pursuant...

§ 5406. Conditions precedent to issuance of bonds. - Before issuing any bonds, the Levy Court shall: (1) Designate...

§ 5407. Resolution creating special fund. - The Levy Court may adopt a resolution creating a special...

§ 5408. Uses of special fund. - (a) Uses of special fund when no bonds outstanding. —...

§ 5409. Pledge of revenue from taxes on tax increment into other fund. - The County may pledge, by written agreement, that some or...

§ 5410. Agreements to pay revenue from taxes on tax increment into special fund. - A municipality, school district, or other taxing body that taxes...

§ 5411. Ordinance authorizing bonds. - (a) Mandatory provisions. — In order to implement the authority...

§ 5412. Exemption of bonds from taxation. - The principal amount of the bonds, the interest payable thereon,...

§ 5413. Nature and incidents of bonds. - (a) Form of bond; deemed “securities”. — All bonds shall...

§ 5414. Taxation of leased property in TIF District. - Whenever the County, as lessor, leases its property within the...

§ 5415. TIF District consistency with certified comprehensive plan. - The use of lands in a TIF District shall be...

§ 5416. Referendum. - Neither the ordinance authorizing the bonds referred to herein, nor...

§ 5417. Construction of chapter. - This chapter, being necessary for the welfare of the State...