Tax exemption.

Del. Code tit. 22, § 1315
in effect
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(a) All bonds of a municipal electric company are declared to be issued on behalf of the State for an essential public and governmental purpose and to be debts of a state municipal corporation. (b) The property of a company including any pro rata share of any property owned by a company in conjunction with any other person or public agency is declared to be a public property used for essential public and governmental purposes and such property or pro rata share, a company and its income shall be exempt from all taxes of the State or any state public body.
Source: DE Code (Official Site)URL: https://delcode.delaware.gov/title22/c013/index.htmlFetched: 6/28/2026

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