Home/Delaware/Statutes/Title: 9/Part: Provisions Affecting All Counties/Ch. 5: SUBURBAN COMMUNITY IMPROVEMENTS/Subch.: Fire Hydrants and Water Mains/§ 578
Delaware Statutes

§ 578 — Special sinking fund

Delaware·Title 9·Part Provisions Affecting All Counties·Ch. 5 SUBURBAN COMMUNITY IMPROVEMENTS·Subch. Fire Hydrants and Water Mains
The county government shall promptly deposit all funds received from the receiver of taxes and county treasurer from the collection of the special assessment or levy in a special sinking fund account, which shall be used for no other purpose than the retiring of the bonds and interest accruing thereon.

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Legislative History

48 Del. Laws, c. 331, § 26 ; 9 Del. C. 1953, § 578; 55 Del. Laws, c. 85, § 4A

Nearby Sections

10
§ 570
Assessment on real property in suburban community; time for making and basis
§ 571
Determination of portion of total assessment payable annually; special lien; payment
§ 572
Lien book; preparation and distribution
§ 573
Notice of assessment; when to be given; contents; interest on delinquent installments
§ 574
Record of lien on books of board of assessment
§ 575
Receipt and disposition of assessments; bond
§ 576
Bill for annual installment of assessment; mailing
§ 577
Collection of assessments in default; procedure; deficiencies
§ 578
Special sinking fund
§ 579
Payment and retirement of bonds and interest
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