§ 4357 Limitation on borrowing power of tax lagoon.

7 DE Code § 4357 (2019) (N/A)
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A tax lagoon may borrow money pursuant to this chapter with the consent of a majority of the votes cast at a meeting duly called under § 4348 of this title. No tax lagoon shall borrow money in excess of 90 percent of the total assessment base established by the lagoon order.

73 Del. Laws, c. 389, § 1.