§ 9208. Bonds.
§ 9208. Bonds. (a) (1) The Authority shall at any time and from time to time issue bonds for any corporate purpose. (2) The bonds of each issue shall be payable solely out of revenues of the Authority, including, without limitation: a. Principal and interest on Authority loans and education loans; b. Payments by institutions, […]
§ 9209. Trust agreement.
§ 9209. Trust agreement. (a) Any bonds issued under this chapter may be secured by a trust agreement by and between the Authority, a participating institution and a corporate trustee or trustees, which may be any trust company or bank having the powers of a trust company within or without the State. (b) Any trust […]
§ 9210. Fees for services; pledge of revenues as security.
§ 9210. Fees for services; pledge of revenues as security. (a) (1) The Authority shall fix, revise, charge and collect fees and charges for its services and operations and may contract with any person in connection therewith without supervision or regulation by any unit of state government. (2) Any agreement entered into by the Authority […]
§ 9211. Enforcement of rights and duties by bondholder.
§ 9211. Enforcement of rights and duties by bondholder. Except to the extent that their rights are restricted by any applicable bond resolution or trust agreement, any holder of bonds issued under this chapter or a trustee under a trust agreement entered into under this chapter may, by any suitable form of legal proceedings, protect […]
§ 9212. Refunding bonds.
§ 9212. Refunding bonds. (a) (1) The Authority may issue bonds to refund any bonds of the Authority then outstanding, including the payment of any redemption premium and any interest accrued or to accrue to the earliest or any subsequent date of redemption, purchase or maturity of the bonds. Refunding bonds may be issued for […]
§ 9213. Permissible investments.
§ 9213. Permissible investments. (a) Except as otherwise provided in this chapter, the Authority may invest funds in: (1) Direct obligations of the United States; (2) Obligations as to which the timely payment of principal and interest is fully guaranteed by the United States; (3) Obligations of the federal intermediate credit banks, federal banks for […]
§ 9140. Cancellation and destruction of paid bonds.
§ 9140. Cancellation and destruction of paid bonds. After any bonds issued under the authority of this chapter or the coupons annexed to the bonds have been paid, the bonds or coupons must be immediately cancelled, a record of payment must be made, and the bonds or coupons must destroyed. 82 Del. Laws, c. 21, […]
§ 9141. Replacement of lost, destroyed, or defaced bonds.
§ 9141. Replacement of lost, destroyed, or defaced bonds. (a) Upon written request of the owner of the unmatured bond, or the owner’s legal representative, successor, or assign, the Board may issue a new bond to replace an unmatured bond which has been lost, destroyed, or defaced if all of the following are provided: (1) […]
§ 9142. Rules and regulations governing fiscal records pertaining to bonds.
§ 9142. Rules and regulations governing fiscal records pertaining to bonds. The Budget Commission, established by Chapter 63 of Title 29, shall promulgate and enforce rules and regulations governing the fiscal records to be maintained by the State Treasurer and the College pertaining to bonds of such College. 82 Del. Laws, c. 21, § 4;
§ 9201. Legislative findings; declaration of purpose; construction of chapter.
§ 9201. Legislative findings; declaration of purpose; construction of chapter. (a) The General Assembly makes the following findings: (1) For the benefit of the people of the State, the conduct and increase of their commerce, the protection and enhancement of their welfare, the development of continued prosperity and the improvement of their health and living […]