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.
Del. Code tit. 9, § 5403
Bonds to finance development of industrial, commercial, or residential area authorized
Known as the Kent County Tax Increment Financing Act
The act spans §§ 9–9 (17 sections).
81 Del
Official source: Delaware Code Online. Reproduced from public-domain Delaware statutes; confirm against the official source for the current text. Not legal advice.