Delaware Code Title 9 Sec. 3203 – Bonds to finance development of industrial, commercial or residential …
Current as of: 2023 | Check for updates
|
Other versions
In addition to whatever other powers it may have, and notwithstanding any limitation of law, the county may borrow money by issuing and selling bonds, at any time and from time to time, for the purpose of financing the development of an industrial, commercial or residential area. The issuance of general obligation bonds pursuant to this chapter shall comply with any debt limits otherwise applicable to the county.
Terms Used In Delaware Code Title 9 Sec. 3203
- county: means New Castle County. See Delaware Code Title 9 Sec. 3202
- Development: means redevelopment, revitalization or renovation. See Delaware Code Title 9 Sec. 3202
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.