Delaware § 1506 Prohibitions

Delaware Statutes

§ 1506 — Prohibitions

Delaware § 1506

Title22

Ch. 15MUNICIPAL BUSINESS IMPROVEMENT DISTRICTS

This text of Delaware § 1506 (Prohibitions) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 22, § 1506 (2026).

Text

(a)No authority or management company shall issue bonds or other forms of securities; nor shall any authority or management company pledge the full faith and credit of the municipality in which its district lies for the payment of its debts, or of the State.

(b)No authority or management company shall undertake or make any assessment in support of the provision of a service which is presently offered by the municipality in which the district lies.

(c)No authority or management company may make any assessment for the provision of any service which is not for the direct benefit and advantage of the business improvement district.

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(a) No authority or management company shall issue bonds or other forms of securities; nor shall any authority or management company pledge the full faith and credit of the municipality in which its district lies for the payment of its debts, or of the State.

(b) No authority or management company shall undertake or make any assessment in support of the provision of a service which is presently offered by the municipality in which the district lies.

(c) No authority or management company may make any assessment for the provision of any service which is not for the direct benefit and advantage of the business improvement district.