Delaware § 5409 Pledge of revenue from taxes on tax increment into other fund

Delaware Statutes

§ 5409 — Pledge of revenue from taxes on tax increment into other fund

Delaware § 5409

Title9

PartKent County

Ch. 54KENT COUNTY TAX INCREMENT FINANCING ACT

This text of Delaware § 5409 (Pledge of revenue from taxes on tax increment into other 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, § 5409 (2026).

Text

The County may pledge, by written agreement, that some or all of its property taxes levied on the tax increment shall be paid into a special fund created by an issuing body for the payment or reimbursement of the debt service on other obligations. Such agreement shall be between the County and such issuing body and shall run to the benefit of and be enforceable on behalf of any holder of such other obligations.

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The County may pledge, by written agreement, that some or all of its property taxes levied on the tax increment shall be paid into a special fund created by an issuing body for the payment or reimbursement of the debt service on other obligations. Such agreement shall be between the County and such issuing body and shall run to the benefit of and be enforceable on behalf of any holder of such other obligations.