Delaware § 3303 Issuance and sale of bonds; section self-executing

Delaware Statutes

§ 3303 — Issuance and sale of bonds; section self-executing

Delaware·Title 9·Part New Castle County·Ch. 33 NEW CASTLE COUNTY SPECIAL DEVELOPMENT DISTRICTS

(a)In addition to other powers the county may have, and notwithstanding the provisions of any other public local law, or public general law, the county may borrow money by issuing and selling bonds for the purposes stated in § 3302(b) of this title, if a request to the county is made by both:

(1)The owners of at least2/3of the assessed valuation of the real property located within the special development district; and

(2)At least2/3of the owners of the acreage located within the special development district, provided that: a. Multiple owners of a single parcel are treated as a single owner; and b. A single owner of multiple parcels is treated as 1 owner.

(b)This section is self-executing and does not require the county to enact legislation to exercise the powers granted under this

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(a) In addition to other powers the county may have, and notwithstanding the provisions of any other public local law, or public general law, the county may borrow money by issuing and selling bonds for the purposes stated in § 3302(b) of this title, if a request to the county is made by both:

(1) The owners of at least2/3of the assessed valuation of the real property located within the special development district; and

(2) At least2/3of the owners of the acreage located within the special development district, provided that:

a. Multiple owners of a single parcel are treated as a single owner; and

b. A single owner of multiple parcels is treated as 1 owner.

(b) This section is self-executing and does not require the county to enact legislation to exercise the powers granted under this section.

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