PocketLaw | Delaware Code | Bonds and Notes of the State

Bonds and Notes of the State

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Definitions.

Issuing authority.

Notes.

Revenue notes.

Full faith and credit of the State pledged.

Terms, forms and contents of bonds; installment payments.

Sale of bonds.

Place of payment.

Recitals in bonds, notes and revenue notes conclusive on State; negotiability.

Execution of bonds, notes and revenue notes.

Exemption from taxation.

Registration, recording and cancellation agent.

Replacement of lost, stolen, mutilated or destroyed obligations.

Deposit of money; advances from funds.

Use of proceeds of bonds and notes.

Timetable for use of funds and the sale of bonds and notes; commencement of authorized project.

Payment of debt service; first lien.

Use of unexpended funds.

Approval of plans, specifications, estimates and cash flows of projects.

Project restrictions.

Bonds, notes and revenue notes as legal investments for institutions and fiduciaries; legal deposit.

Limitations on debt and other obligations.

DEFAC projections and monitoring of debt limits.

Right to obtain bondholder lists.

Capital appreciation bonds and discount bonds.

Capital appreciation bonds and discount bonds; sale by State.