Delaware Statutes
§ 7405 — Full faith and credit of the State pledged
Delaware·Title 29·Part Budget, Fiscal, Procurement and Contracting Regulations·Ch. 74 BONDS AND NOTES OF THE STATE
All bonds, notes and revenue notes shall be direct general obligations of the State and the full faith and credit of the State are expressly pledged for the prompt and complete payment of the principal of and interest on such bonds, notes and revenue notes when due.
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Legislative History
29 Del. C. 1953, § 7405; 54 Del. Laws, c. 124 ; 62 Del. Laws, c. 146, §§ 6, 11 ; 64 Del. Laws, c. 131, § 11(f)
Nearby Sections
15
§ 7401
Definitions§ 7402
Issuing authority§ 7403
Notes§ 7404
Revenue notes§ 7407
Sale of bonds§ 7408
Place of payment§ 7411
Exemption from taxation