Delaware § 5410 Agreements to pay revenue from taxes on tax increment into special fund

Delaware Statutes

§ 5410 — Agreements to pay revenue from taxes on tax increment into special fund

Delaware § 5410

Title9

PartKent County

Ch. 54KENT COUNTY TAX INCREMENT FINANCING ACT

This text of Delaware § 5410 (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, § 5410 (2026).

Text

A municipality, school district, or other taxing body that taxes property within the County which is not an issuing body 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 § 5407 of this title. Such agreement shall be between the County and the taxing body and shall run to the benefit of and be enforceable on behalf of any holder of the bonds.

Free access — add to your briefcase to read the full text and ask questions with AI

A municipality, school district, or other taxing body that taxes property within the County which is not an issuing body 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 § 5407 of this title. Such agreement shall be between the County and the taxing body and shall run to the benefit of and be enforceable on behalf of any holder of the bonds.