Del. Code tit. 7 § 6413

Current through 2024 Legislative Session Act Chapter 531

Section 6413 - No pledge of credit; exception

The Authority shall have no power to pledge the credit or to create any debt or liability of the State, or of any other agency or of any political subdivision, except that bonds, loan agreements or service agreements, all of which may be supported by the full faith and credit of a municipality, may be pledged as security for bonds or other obligations of the Authority.

7 Del. C. § 6413

60 Del. Laws, c. 288, § 1; 61 Del. Laws, c. 132, § 12.;