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Nonnegative and compartmental dynamical system models are derived from mass and energy balance considerations that involve dynamic states whose values are nonnegative. These models are widespread in engineering and life sciences and typically involve the exchange of nonnegative quantities between subsystems or compartments wherein each compartment is assumed to be kinetically homogeneous. However, in many engineering and life science systems, transfers between compartments are not instantaneous and realistic models for capturing the dynamics of such systems should account for material in transit between compartments. Including some information of past system states in the system model leads to infinite-dimensional delay nonnegative dynamical systems. In this note, we develop dissipativity theory for nonnegative dynamical systems with time delay using linear storage functionals with linear supply rates. These results are then used to develop general stability criteria for feedback interconnections of nonnegative dynamical systems with time delay.