There is a newer version
of
this Section
2022 New Jersey Revised Statutes
Title 40 - Municipalities and Counties
Section 40:14B-27 - Sale of bonds
Universal Citation: NJ Rev Stat § 40:14B-27 (2022)
40:14B-27. Sale of bonds
Bonds of a municipal authority may be sold by the municipal authority at public or private sale at such price or prices as the municipal authority shall determine; provided, however, that the interest cost to maturity of the money received for any issue of bonds (computed according to standard tables of bond values) shall not exceed 6% per annum.
L.1957, c. 183, p. 654, s. 27, eff. Aug. 22, 1957.
Disclaimer: These codes may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.