Delaware § 5506 When no bonds or  other obligations outstanding

Delaware Statutes

§ 5506 — When no bonds or other obligations outstanding

Delaware § 5506

Title9

PartKent County

Ch. 55Kent County Special Development Districts

This text of Delaware § 5506 (When no bonds or other obligations outstanding) 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, § 5506 (2026).

Text

(a)When no bonds are outstanding, the County may use money in the special fund for payment or reimbursement of debt service on other obligations that the County is obligated to pay under an agreement described in § 5502(b)(3) of this title.

(b)When no bonds are outstanding with respect to a special development district and no other obligations are outstanding:

(1)The special development district shall be terminated; and

(2)Any moneys remaining in the special fund on the date of termination of the special development district shall be paid to the general fund of the County.

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(a) When no bonds are outstanding, the County may use money in the special fund for payment or reimbursement of debt service on other obligations that the County is obligated to pay under an agreement described in § 5502(b)(3) of this title.

(b) When no bonds are outstanding with respect to a special development district and no other obligations are outstanding:

(1) The special development district shall be terminated; and

(2) Any moneys remaining in the special fund on the date of termination of the special development district shall be paid to the general fund of the County.