§ 6413. No pledge of credit; exception.
66 words·~1 min read·
/de/title-7/chapter-64-delaware-solid-waste-authority/subchapter-i-general-provisions/6413·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.