Bonds not to constitute general obligation debt.

Del. Code tit. 9, § 5514
in effect
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Bonds issued under this chapter are a special obligation of the County 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 property in a special development district. Property owners who purchase property in a special development district shall only be responsible for the payment of ad valorem real property taxes and special taxes levied by the Levy Court pursuant to this chapter.
Source: DE Code (Official Site)URL: https://delcode.delaware.gov/title9/c055/index.htmlFetched: 10/4/2026

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