Delaware Code Title 9 Sec. 3207 – Resolution creating special fund
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The governing body of the county may adopt a resolution creating a special fund with respect to a TIF District, even though no bonds authorized by this chapter have been issued by the county with respect to that TIF District or are then outstanding. The taxes allocated to such special fund by § 3206(3)b. or c. of this title shall thereafter be paid over to such special fund, as long as such resolution remains in effect.
Terms Used In Delaware Code Title 9 Sec. 3207
- county: means New Castle County. See Delaware Code Title 9 Sec. 3202
- TIF District: means an area designated by a resolution described in § 3206(1) of this title. See Delaware Code Title 9 Sec. 3202