§ 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 […]
§ 9130. Establishment of Community College Infrastructure Fund; purposes; limitations.
§ 9130. Establishment of Community College Infrastructure Fund; purposes; limitations. (a) (1) There is established within the Office of the State Treasurer a special account to be known as the “Community College Infrastructure Fund”, with the intent that the General Assembly fund said account by an annual appropriation of at least $10 million for the […]
§ 9204. Executive Director; General Counsel; quorum; power to issue bonds.
§ 9204. Executive Director; General Counsel; quorum; power to issue bonds. (a) (1) The Authority may appoint an Executive Director and a General Counsel, and any other officers, none of whom may be members of the Authority. (2) The Executive Director shall: a. Serve at the pleasure of the Authority; and b. Receive compensation as […]
§ 9131. Power of Board to issue promissory notes or bonds.
§ 9131. Power of Board to issue promissory notes or bonds. (a) The Board may issue promissory notes or bonds payable to the State for the purpose of carrying out any plan or program for the acquisition of lands, acquisition or construction of buildings, improvements to lands or buildings, or acquisition of equipment as may […]
§ 9205. Powers and duties.
§ 9205. Powers and duties. (a) (1) In addition to any other powers granted or duties imposed upon it, the Authority has the powers and duties set forth in this section. (2) The Authority shall adopt any rule or regulation necessary to carry out its powers and duties. (b) The Authority may: (1) Adopt an […]
§ 9132. Faith and credit of the College; exemption of bonds from taxation.
§ 9132. Faith and credit of the College; exemption of bonds from taxation. The faith and credit of the College is expressly pledged for the full and complete payment of the principal of and interest on any promissory notes or bonds authorized to be issued under this chapter. Bonds or notes issued under this chapter […]
§ 9206. Use of refunding bond proceeds.
§ 9206. Use of refunding bond proceeds. (a) Whenever refunding bonds are issued to refund bonds, the proceeds of which were used to make Authority loans, the Authority may reduce the amount it is owed by the institutions which had received Authority loans from the proceeds of the refunded bonds. (b) The institutions may use […]
§ 9133. Validity of bonds; incontestability.
§ 9133. Validity of bonds; incontestability. When any bonds are sold and delivered under this chapter, the certification by the Board that the bonds have been issued in due compliance with this chapter is conclusive upon the College and every person of the right, power, and authority for the issuance of the bonds, the legality […]
§ 9207. Loan funding deposits.
§ 9207. Loan funding deposits. (a) (1) The Authority shall establish guidelines relating to: a. The deposits of certain moneys, endowments or properties by institutions so as to provide reasonable security for education loan funding programs, Authority loans, education loans or for bonds; and b. Guarantees of or contracts to purchase education loans or bonds […]