Delaware Code Title 9 Sec. 4508 – Service charges; amount and application
(a) If the County issues bonds under this chapter, the county government shall prescribe and collect reasonable service charges for the services and facilities rendered or afforded by the water systems, the revenues of which are pledged to the payment of such bonds, and shall revise such service charges from time to time whenever necessary.
Terms Used In Delaware Code Title 9 Sec. 4508
- County: means Kent County;
(2) "Revenue bonds" means bonds to the payment of which all or any part of the revenues derived from the operation of any water system are pledged in accordance with this chapter;
(3) "Service charges" means rents, rates, fees or other charges charged or collected under § 4509 of this title;
(4) "Water system" means all real and personal property necessary or useful in the collection, acquisition, treatment, purification and distribution of water, together with any principal or ancillary rights appurtenant thereto. See Delaware Code Title 9 Sec. 4501
(b) The service charges prescribed shall be such as will procure revenue at least sufficient:
(1) To pay when due all bonds and interest thereon, for the payment of which such revenue is or shall have been pledged, charged or otherwise encumbered, including reserves therefor; and
(2) To provide for all expenses of operation and maintenance of such water systems, including reserves therefor.
(c) The service charges when collected shall be applied to the payment of the bonds and interest and to the expenses of such operation and maintenance in accordance with the resolutions authorizing the bonds.
9 Del. C. 1953, § ?4508; 55 Del. Laws, c. 255; 56 Del. Laws, c. 103, § ?12;