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

Checkout our iOS App for a better way to browser and research.

A county, which is not the issuing body, may pledge, by written agreement, that some or all of its property taxes levied on the tax increment shall also be paid into a special fund created pursuant to § 1707 of this title. Such agreements shall be between the governing bodies of a municipality and the county. They shall run to the benefit of and be enforceable on behalf of any bondholder.


Download our app to see the most-to-date content.