Title 2 — Transportation
15 chapters · 150 sections in this title.
2 Del. C. § 1401. Title.
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§ 1401. Title. This chapter shall be known as the “Transportation Trust Fund Act.” The word “chapter,” as used herein, means this Transportation Trust Fund Act. The phrase “transportation system,” as used herein, shall mean all modes and methods of transporting people and goods o…
2 Del. C. § 1402. Legislative findings and determinations.
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§ 1402. Legislative findings and determinations. (a) The General Assembly hereby reaffirms all the findings made by the General Assembly in § 1302(a) of this title. (b) The General Assembly further finds, that, in addition to the creation of the Delaware Transportation Authority …
2 Del. C. § 1403. Application of chapter.
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§ 1403. Application of chapter. In addition to the powers granted to the Authority by Chapter 13 of this title, the Authority shall have the following powers in addition to those powers granted elsewhere in this chapter: (1) To issue subordinated indebtedness and to enter into ba…
2 Del. C. § 1404. Establishment of Transportation Trust Fund.
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§ 1404. Establishment of Transportation Trust Fund. There is hereby established in the Authority a fund to be known as the “Transportation Trust Fund.” Except as otherwise provided by contract between the Authority and the holders of bonds of the Authority and excluding the recei…
2 Del. C. § 1405. Bonds secured by Transportation Trust Fund revenues.
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§ 1405. Bonds secured by Transportation Trust Fund revenues. (a) The Authority shall have the power and is hereby authorized after July 15, 1987, and from time to time thereafter, to issue its bonds, in principal amounts as in the opinion of the Authority shall be necessary to pr…
2 Del. C. § 1406. Covenants with holders of bonds.
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§ 1406. Covenants with holders of bonds. In any resolution of the Authority authorizing or relating to the issuance of any bonds, or in any trust agreement securing the bonds, the Authority, in order to secure the payment of the bonds, and in addition to its other powers, shall h…
2 Del. C. § 1407. Pledge of revenues.
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§ 1407. Pledge of revenues. In addition to the provisions of the 2nd paragraph of § 1317 of this title, which paragraph shall apply to bonds issued by the Authority under this chapter, it is hereby declared that neither the resolution nor any other instrument by which a pledge of…
2 Del. C. § 1408. Personal immunity.
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§ 1408. Personal immunity. Neither the Secretary nor any person executing bonds issued pursuant to this chapter shall be liable personally on the bonds, by reason of the issuance thereof.66 Del. Laws, c. 87, § 1;
2 Del. C. § 1409. No alteration of rights.
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§ 1409. No alteration of rights. The State does hereby pledge to and covenant and agree with the holders of any bonds issued or incurred pursuant to the authorization of this chapter that the State will not limit or alter the rights or powers hereby vested in the Authority in any…
2 Del. C. § 1410. Bonds as legal investments.
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§ 1410. Bonds as legal investments. The State and all public officers, governmental units and agencies thereof, all banks, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies and other persons carryi…
2 Del. C. § 1411. Property exempt from taxation.
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§ 1411. Property exempt from taxation. All property of the Authority is declared to be public property devoted to an essential public and governmental function and purpose and shall be exempt from all taxes and special assessments of the State or any political subdivision. All bo…
2 Del. C. § 1412. Applicable provisions of Chapter 13.
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§ 1412. Applicable provisions of Chapter 13. All provisions of Chapter 13 of this title, not inconsistent with the provisions of this chapter, unless excepted herein, shall be applicable to the Authority and its bonds issued pursuant to this chapter, including, without limitation…
2 Del. C. § 1413. Transfers from road improvement fund.
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§ 1413. Transfers from road improvement fund. Notwithstanding § 1310(c)(11) of this title, available money in the road improvement fund shall be transferred periodically to the Transportation Trust Fund at the times and in the manner such money was previously transferred to a spe…
2 Del. C. § 1414. Repeal of §§ 1310 and 1312.
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§ 1414. Repeal of §§ 1310 and 1312. (a) (1) Notwithstanding § 1310(b)(3) of this title, at such time as there are no longer outstanding any bonds secured by the trust agreement dated as of September 1, 1979, between the Authority and the trustee for the holders of said bonds or p…
2 Del. C. § 1415. Transfers of motor fuel tax revenues.
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§ 1415. Transfers of motor fuel tax revenues. Notwithstanding § 1310(c)(8) of this title, the Authority shall not transfer or disburse available money in the Motor Fuel Tax Reimbursement Fund to the General Fund of the State. The Authority shall reimburse the State from the Trans…
2 Del. C. § 1416. Transfer of motor carrier registration fees.
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§ 1416. Transfer of motor carrier registration fees. Notwithstanding § 1310(c)(9) of this title, the Authority shall not transfer available money in the motor carrier registration reimbursement fund to the General Fund of the State and shall not otherwise be required to reimburse…
2 Del. C. § 1417. Budget of Authority.
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§ 1417. Budget of Authority. The expenditures of the Authority from the Transportation Trust Fund, including expenditures required to be made by resolutions or trust agreements made or to be made by the Authority, shall be approved annually by the General Assembly. The obligation…
2 Del. C. § 1418. Deauthorization of funds.
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§ 1418. Deauthorization of funds. Any funds authorized in a bond and capital improvements act for the Community Transportation Fund but not designated to a specific transportation project by June 30 of the third fiscal year of the appropriation shall be deauthorized; however, no …