Delaware Code Title 31 Sec. 4016 – Bonds
(a) DSHA may, with the approval of the issuing officer and subject to the authorization (if any) required by § 7402 of Title 29, issue bonds (including refunding bonds for the purpose of paying or retiring bonds previously issued by DSHA) from time to time in such amounts as it may deem advisable for any of its corporate purposes. DSHA may issue such types of bonds as it may determine, including bonds on which the principal and interest are payable:
(1) Exclusively from the income and revenues of any undertaking financed in whole or in part with the proceeds of such bonds;
(2) Exclusively from the income and revenues of certain designated housing projects whether or not they were financed in whole or in part with the proceeds of such bonds;
(3) From its revenues generally; or
(4) By grants, subsidies or other payments from the federal government.
Terms Used In Delaware Code Title 31 Sec. 4016
- DSHA: means the Delaware State Housing Authority created by § 4010 of this title. See Delaware Code Title 31 Sec. 4001
- Government: includes the State and federal governments and any subdivision, agency or instrumentality, corporate or otherwise, of either of them. See Delaware Code Title 31 Sec. 4001
- Issuing officer: means the Housing Director. See Delaware Code Title 31 Sec. 4001
Any of such bonds may be additionally secured by a pledge of any revenue or by a mortgage of any housing project, projects or other property of DSHA or any of its agents or designees.
(b) Neither the issuing officer nor any person executing the bonds shall be liable personally on the bonds.