Delaware Code Title 9 Sec. 5403 – Bonds to finance development of industrial, commercial, or …
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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. 5403
- County: means Kent County. See Delaware Code Title 9 Sec. 5402
- Development: means new development, redevelopment, revitalization, or renovation. See Delaware Code Title 9 Sec. 5402
- 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.