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Delaware Code Title 31. Welfare § 4016. Bonds

Current as of January 01, 2026 | Updated by Findlaw Staff

(a) DSHA may, with the approval of the issuing officer and subject to the authorization (if any) required by § 7402 of Title 29, issue bonds (including refunding bonds for the purpose of paying or retiring bonds previously issued by DSHA) from time to time in such amounts as it may deem advisable for any of its corporate purposes.  DSHA may issue such types of bonds as it may determine, including bonds on which the principal and interest are payable:

(1) Exclusively from the income and revenues of any undertaking financed in whole or in part with the proceeds of such bonds;

(2) Exclusively from the income and revenues of certain designated housing projects whether or not they were financed in whole or in part with the proceeds of such bonds;

(3) From its revenues generally;  or

(4) By grants, subsidies or other payments from the federal government.

Any of such bonds may be additionally secured by a pledge of any revenue or by a mortgage of any housing project, projects or other property of DSHA or any of its agents or designees.

(b) Neither the issuing officer nor any person executing the bonds shall be liable personally on the bonds.

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Cite this article: FindLaw.com - Delaware Code Title 31. Welfare § 4016. Bonds - last updated January 01, 2026 | https://codes.findlaw.com/de/title-31-welfare/de-code-sect-31-4016/

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