# 31 Del. C. § 4019: § Â 4019. Credit of State not pledged

> Delaware · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_DE_T31_C40_SII_S4019

## Section

- **Citation:** 31 Del. C. § 4019
- **Heading:** § Â 4019. Credit of State not pledged
- **Jurisdiction:** Delaware
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Delaware Code / Title 31 / Chapter 40 / Subchapter II / Section 4019

## Text

(a) Bonds issued under this chapter shall be payable exclusively from the revenues and other funds of DSHA and shall contain the following statement on their face:

“The State of Delaware is not obligated to pay the principal of this bond nor the interest thereon, nor are the faith and credit of the State pledged to the payment of the principal of, or interest on, this bond.”

(b) The issuance of bonds under this chapter shall not directly or indirectly or contingently obligate the State to levy or pledge any form of taxation whatever therefor or to make any appropriation for their payment, and the bonds shall not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction; provided also that § 4020 of this title, relative to the Capital Reserve Fund, shall not be deemed to constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction.

## Nearby sections

- [31 Del. C. § 4010 § Â
        4010. Creation.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T31_C40_SII_S4010.md)
- [31 Del. C. § 4011 § Â
        4011. DSHA to contract for labor or materials.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T31_C40_SII_S4011.md)
- [31 Del. C. § 4012 § Â
        4012. Seal of DSHA.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T31_C40_SII_S4012.md)
- [31 Del. C. § 4013 § Â
        4013. Powers of DSHA.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T31_C40_SII_S4013.md)
- [31 Del. C. § 4014 § Â
        4014. Liberal construction.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T31_C40_SII_S4014.md)
- [31 Del. C. § 4015 § Â
        4015. Audit of books and accounts.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T31_C40_SII_S4015.md)
- [31 Del. C. § 4016 § Â
        4016. Bonds.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T31_C40_SII_S4016.md)
- [31 Del. C. § 4017 § Â
        4017. Forms and terms of bonds; disposition of proceeds.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T31_C40_SII_S4017.md)
- [31 Del. C. § 4018 § Â
        4018. Bonds as legal investments for institutions and fiduciaries and as legal deposit.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T31_C40_SII_S4018.md)
- [31 Del. C. § 4019 § Â
        4019. Credit of State not pledged.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T31_C40_SII_S4019.md)
- [31 Del. C. § 4020 § Â
        4020. Capital Reserve Fund.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T31_C40_SII_S4020.md)
- [31 Del. C. § 4021 § Â
        4021. Provisions of bonds and mortgages.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T31_C40_SII_S4021.md)
- [31 Del. C. § 4022 § Â
        4022. Trust indenture.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T31_C40_SII_S4022.md)
- [31 Del. C. § 4023 § Â
        4023. Remedies of bondholders and trustees.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T31_C40_SII_S4023.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_DE_T31_C40_SII_S4019. Check the current official text before relying on it. Not legal advice.