Bonds not to constitute general obligation debt.

Del. Code tit. 9, § 3314
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Bonds issued under this chapter are a special obligation of the county or Special Development District (SDD) and may not constitute a general obligation debt of the county, or a pledge of the county’s full faith and credit or taxing power. Bonds are nonrecourse to property owners who purchase subject to a TIF or SDD. Property owners who purchase subject to a TIF or SDD shall only be responsible for TIF or SDD obligations determined by the individual assessment of their property.
Source: DE Code (Official Site)URL: https://delcode.delaware.gov/title9/c033/index.htmlFetched: 10/4/2026

Starting a business in Delaware? Delaware LLC guide: costs and requirements