§ 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 […]
§ 9214. Legal investments in bonds.
§ 9214. Legal investments in bonds. All banks, bankers, trust companies, savings banks and institutions, building, savings and loan associations, investment companies, insurance companies and associations, and all executors, administrators, guardians, trustees and other fiduciaries may legally invest any sinking funds, moneys or other funds belonging to them or within their control in any bonds […]
§ 9215. Accounts; annual report; audit.
§ 9215. Accounts; annual report; audit. (a) The Authority shall keep full and accurate accounts of its activities and operations and shall annually in the month of January make a report to the Governor, the Controller General, the Speaker of the House of Representatives, the President Pro Tempore of the Senate and the Secretary of […]
§ 9216. Chapter additional and supplemental to other laws; permissible rate of interest.
§ 9216. Chapter additional and supplemental to other laws; permissible rate of interest. (a) This chapter provides a complete, additional and alternative method for the doing of the things authorized and shall be regarded as supplemental and additional to, and the limitations imposed by this chapter do not limit or otherwise affect powers or rights […]
§ 9217. Tax exemption.
§ 9217. Tax exemption. The Authority shall not be required to pay any taxes or assessments of any kind whatsoever and its bond, their transfer, the interest payable on them, and any income derived from them, including any profit realized in their sale or exchange, shall be exempt at all times from every kind and […]
§ 9218. Termination of Authority.
§ 9218. Termination of Authority. The Authority in its corporate existence shall continue until terminated by law but no law terminating its existence shall take effect as long as any bonds of the Authority are outstanding and unpaid without adequate provision for payment having been made. Upon termination of its existence, all rights, privileges and […]
§ 9219. Basic salary schedule for Plan A employees.
§ 9219. Basic salary schedule for Plan A employees. (a) Salaries paid to Delaware Technical and Community College Salary Plan A employees shall, upon full implementation, be based on the following index schedule: DELAWARE TECHNICAL AND COMMUNITY COLLEGE INDEX SCHEDULE FOR PLAN A EMPLOYEES Yrs of Exp. No Degree Assoc. Degree Bach. Degree Bach. Degree […]
§ 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 […]