PocketLaw | Delaware Code | Municipal Tax Increment Financing Act

Municipal Tax Increment Financing Act

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Title.

Definitions.

Bonds to finance development of industrial, commercial or residential area authorized.

Payment of bonds.

Application of bond proceeds.

Conditions precedent to issuance of bonds.

Resolution creating special fund.

Uses of special fund; issuance of general obligation bond.

Pledge of revenue from taxes on tax increment into other fund.

Agreements to pay revenue from taxes on tax increment into special fund.

Ordinance authorizing bonds.

Exemption of bonds from taxation.

Nature and incidents of bonds.

TIF District consistency with certified comprehensive plan.

Construction of chapter.

Taxation of leased property in TIF District.

Special provision applicable to the City of Dover, Delaware.