Delaware § 4357 Limitation on borrowing power of tax lagoon

Delaware Statutes

§ 4357 — Limitation on borrowing power of tax lagoon

Delaware § 4357

JurisdictionDelaware

Title7

PartAgricultural and Soil Conservation; Drainage and Reclamation of Lowlands

Ch. 43DREDGING AND MANAGEMENT OF LAGOONS

Subch.Powers of Tax Lagoon

This text of Delaware § 4357 (Limitation on borrowing power of tax lagoon) 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. 7, § 4357 (2026).

Text

A tax lagoon may borrow money pursuant to this chapter with the consent of a majority of the votes cast at a meeting duly called under § 4348 of this title. No tax lagoon shall borrow money in excess of 90 percent of the total assessment base established by the lagoon order.

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