HOUSE BILL NO. 510
AN ACT TO AMEND TITLE 16, DELAWARE CODE, RELATING TO WATER AND/OR SEWER AUTHORITIES.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE :
Section 1. Amend 1408§ (a)(2), Chapter 14, Title 16, Delaware Code by striking the phrase “not exceeding five (5) percent per annum”, as it appears therein.
Section 2. Amend 1408§ (a)(6), Chapter 14, Title 16, Delaware Code by striking such paragraph in its entirety and substituting in lieu thereof the following:
“(6) The issuance of such bonds shall not be subject to any limitations or conditions contained in any other law and the authority may sell such bonds in such manner, either at public or at private sale, and for such price as it may determine to be in the best interests of the authority and the municipality to be served thereby.”
Approved June 20,2000