Sections
§ 3201 Title 9
§ 3202 Definitions 9
§ 3203 Bonds to finance development of industrial, commercial or residential … 9
§ 3204 Payment of bonds 9
§ 3205 Application of bond proceeds 9
§ 3206 Conditions precedent to issuance of bonds 9
§ 3207 Resolution creating special fund 9
§ 3208 Uses of special fund 9
§ 3209 Agreements to pay revenue from taxes on tax increment into special … 9
§ 3210 Ordinance authorizing bonds 9
§ 3211 Exemption of bonds from taxation 9
§ 3212 Nature and incidents of bonds 9
§ 3213 Taxation of leased property in TIF District 9
§ 3214 TIF District consistency with certified comprehensive plan 9
§ 3215 Construction of chapter 9

Terms Used In Delaware Code > Title 9 > Chapter 32 - New Castle County Tax Increment Financing Act

  • Act: means the New Castle County Tax Increment Financing Act. See Delaware Code Title 9 Sec. 3202
  • Assessed value: means the total assessed value of all real property in a TIF District subject to taxation as determined by the Assessor, with any adjustment pursuant to paragraph (2) of this section taken into account. See Delaware Code Title 9 Sec. 3202
  • Assessor: shall mean the General Manager of the New Castle County Department of Land Use or designee. See Delaware Code Title 9 Sec. 3202
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • bond: means any revenue or general obligation bonds or bond, notes or note, or other similar instruments or instrument issued by New Castle County pursuant to and in accordance with this chapter. See Delaware Code Title 9 Sec. 3202
  • Chief financial officer: means New Castle County Chief Financial Official or designee. See Delaware Code Title 9 Sec. 3202
  • Contract: A legal written agreement that becomes binding when signed.
  • county: means New Castle County. See Delaware Code Title 9 Sec. 3202
  • County council: means New Castle County Council or designee. See Delaware Code Title 9 Sec. 3202
  • County executive: means the County Executive for New Castle County or designee. See Delaware Code Title 9 Sec. 3202
  • Development: means redevelopment, revitalization or renovation. See Delaware Code Title 9 Sec. 3202
  • Dower: A widow
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • issuer: means New Castle County when it acts to issue bonds or to any other taxing body when it issues bonds. See Delaware Code Title 9 Sec. 3202
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Original assessed value: means the assessed value as of January 1 of the calendar year in which the resolution creating the TIF District under § 3206(1) of this title becomes effective. See Delaware Code Title 9 Sec. 3202
  • Personal property: All property that is not real property.
  • real property: is synonymous with the phrase "lands, tenements and hereditaments. See Delaware Code Title 1 Sec. 302
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Tax increment: means for any tax year the amount by which the assessed value as of January 1 preceding that tax year exceeds the original assessed value. See Delaware Code Title 9 Sec. 3202
  • Tax year: means the fiscal year for the 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
  • Writ: A formal written command, issued from the court, requiring the performance of a specific act.