22 Del. C. § 1709

Agreements to pay revenue from taxes on tax increment into special fund.

Last amended: 2003Year: 2026Length: 71 wordsOfficial source
A county, which is not the issuing body, may pledge, by written agreement, that some or all of its property taxes levied on the tax increment shall also be paid into a special fund created pursuant to § 1707 of this title. Such agreements shall be between the governing bodies of a municipality and the county. They shall run to the benefit of and be enforceable on behalf of any bondholder.
22 Del. C. § 1709: Agreements to pay revenue from taxes on tax increment into special fund. | Justis AI