Delaware § 3209 Agreements to pay revenue from taxes on tax increment into special fund

Delaware Statutes

§ 3209 — Agreements to pay revenue from taxes on tax increment into special fund

Delaware § 3209

Title9

PartNew Castle County

Ch. 32NEW CASTLE COUNTY TAX INCREMENT FINANCING ACT

This text of Delaware § 3209 (Agreements to pay revenue from taxes on tax increment into special fund) 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. 9, § 3209 (2026).

Text

A municipality, school district or other taxing body within the county which is not an issuer 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 § 3207 of this title. Such agreement shall be between the county council and the taxing body and shall run to the benefit of and be enforceable on behalf of any bondholder.

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A municipality, school district or other taxing body within the county which is not an issuer 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 § 3207 of this title. Such agreement shall be between the county council and the taxing body and shall run to the benefit of and be enforceable on behalf of any bondholder.