Sections
§ 2101 Definitions 14
§ 2102 Power of district to issue bonds 14
§ 2103 Temporary use of funds 14
§ 2104 Faith and credit of district; exemption of bonds from taxation 14
§ 2105 Validity of bonds; incontestability 14
§ 2106 Procedure governing sale of bonds to State 14
§ 2107 Limitation on amount of bonds that may be issued 14
§ 2108 Terms and form of bonds 14
§ 2109 Designation, numbering and date of bonds 14
§ 2110 Place of payment of principal and interest 14
§ 2111 Signing and sealing bonds 14
§ 2112 Temporary bonds 14
§ 2113 Cancellation and destruction of paid bonds and coupons 14
§ 2114 Replacement of lost, destroyed or defaced bonds 14
§ 2115 Rules and regulations governing fiscal records pertaining to bonds 14
§ 2116 Taxing power of district 14
§ 2117 Assessment list; objections; posting; hearing 14
§ 2118 Assessment, levy and collection of taxes 14
§ 2119 Report of tax collections and payment of collected taxes 14
§ 2120 Jurisdiction of justices of the peace 14
§ 2121 Authority to tax; scope of this chapter 14
§ 2122 Election to authorize bond issue; rules governing; referendum to … 14
§ 2123 Election results; publication of results 14
§ 2124 Purchase of land for school purposes 14
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Terms Used In Delaware Code > Title 14 > Chapter 21 - Local School Bonds

  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • District: means a reorganized school district. See Delaware Code Title 14 Sec. 2101
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Month: means a calendar month, unless otherwise expressed. See Delaware Code Title 1 Sec. 302
  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
  • 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.
  • School board: means a board of education of a reorganized school district. See Delaware Code Title 14 Sec. 2101
  • United States: includes its territories and possessions and the District of Columbia. See Delaware Code Title 1 Sec. 302
  • Year: means a calendar year, and is equivalent to the words "year of our Lord. See Delaware Code Title 1 Sec. 302