64 chapters · 566 sections in this title.
9 Del. C. § 3301. Definitions.
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§ 3301. Definitions. In this chapter the following terms shall have the meanings indicated: (1) “Bonds” or “bond” means a special obligation bond, revenue bond, note, or other similar instrument issued by New Castle County in accordance with this chapter. (2) “Chief financial off…
9 Del. C. § 3302. Special taxes authorized; purpose; requirements and restrictions.
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§ 3302. Special taxes authorized; purpose; requirements and restrictions. (a) Subject to the provisions of this section, and for the purpose stated in subsection (b) of this section, the county may: (1) Create a special development district; (2) Levy ad valorem or special taxes; …
9 Del. C. § 3303. Issuance and sale of bonds; section self-executing.
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§ 3303. Issuance and sale of bonds; section self-executing. (a) In addition to other powers the county may have, and notwithstanding the provisions of any other public local law, or public general law, the county may borrow money by issuing and selling bonds for the purposes stat…
9 Del. C. § 3304. Bonds payable from special fund; complementary powers of governing body; proceeds.
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§ 3304. Bonds payable from special fund; complementary powers of governing body; proceeds. (a) Bonds shall be payable from the special fund required under § 3305 of this title. (b) If the county council issues bonds under this section, the county council may also: (1) Establish s…
9 Del. C. § 3305. Actions necessary before issuing bonds.
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§ 3305. Actions necessary before issuing bonds. (a) Before issuing bonds pursuant to this section, county council shall: (1) Designate by resolution an area or areas within the Claymont Hometown Overlay District of New Castle County as a special development district; (2) Subject …
9 Del. C. § 3306. When no bonds outstanding.
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§ 3306. When no bonds outstanding. When no bonds are outstanding with respect to a special development district: (1) The special development district shall be terminated; and (2) Any moneys remaining in the special fund on the date of termination of the special development distri…
9 Del. C. § 3307. Adoption of ordinance to implement authority.
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§ 3307. Adoption of ordinance to implement authority. (a) In order to implement the authority conferred upon it by this section to issue bonds, the county council shall adopt an ordinance that: (1) Specifies and describes the proposed undertaking and states that it has complied w…
9 Del. C. § 3308. Taxation of bonds.
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§ 3308. Taxation of bonds. The principal amount of the bonds, the interest payable on the bonds, their transfer and any income derived from the transfer, including any profit made in the sale or transfer of the bonds, shall be exempt from taxation by the State and by the counties…
9 Del. C. § 3309. Bond form; signatures; maturity; manner of sale.
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§ 3309. Bond form; signatures; maturity; manner of sale. (a) All bonds shall be in fully registered form. Each of the bonds shall be deemed to be a security as defined in § 8-102 of Title 6, whether or not it is either 1 of a class or series or by its terms is divisible into a cl…
9 Del. C. § 3310. Bonds issued are securities.
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§ 3310. Bonds issued are securities. Bonds issued under this chapter are securities in which all public officers and public bodies of the State and its political subdivisions, all insurance companies, state banks and trust companies, national banking associations, savings banks, …
9 Del. C. § 3311. Powers granted are supplemental to other laws.
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§ 3311. Powers granted are supplemental to other laws. The powers granted under this chapter shall be regarded as supplemental and additional to powers conferred by other laws, and may not be regarded as in derogation of any powers now existing.76 Del. Laws, c. 187, § 2;
9 Del. C. § 3312. Construction of chapter.
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§ 3312. Construction of chapter. This chapter, being necessary for the welfare of the State and its residents, shall be liberally construed to effect the purpose stated in § 3302(b) of this title.76 Del. Laws, c. 187, § 2;
9 Del. C. § 3313. Special taxes on real property as alternative to ad valorem taxes.
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§ 3313. Special taxes on real property as alternative to ad valorem taxes. (a) As an alternative to levying ad valorem taxes under this chapter, county council may levy special taxes on real property in a special development district to cover the cost of infrastructure improvemen…
9 Del. C. § 3314. Bonds not to constitute general obligation debt.
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§ 3314. Bonds not to constitute general obligation debt. Bonds issued under this chapter are a special obligation of the county or Special Development District (SDD) and may not constitute a general obligation debt of the county, or a pledge of the county’s full faith and credit …
9 Del. C. § 3315. Special Development District consistency with certified comprehensive plan.
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§ 3315. Special Development District consistency with certified comprehensive plan. The use of lands in a Special Development District shall be consistent with the comprehensive plan for the area as certified pursuant to § 9103(f) of Title 29.76 Del. Laws, c. 187, § 2;
9 Del. C. § 3316. Limitation on ad valorem or special taxes within Special Development District.
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§ 3316. Limitation on ad valorem or special taxes within Special Development District. The levy of an ad valorem or special tax pursuant to § 3302(a)(2) or § 3313(a) of this title shall not be applicable to and shall not be imposed on special betterments property as defined in § …