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2022 New Jersey Revised Statutes
Title 40 - Municipalities and Counties
Section 40:3-1 - Definitions
Universal Citation: NJ Rev Stat § 40:3-1 (2022)
40:3-1. Definitions
For the purposes of this chapter, bonds which are payable in installments in successive years during at least three-quarters of the period covered by the term of the whole issue, shall be known as "serial bonds" . All other bonds shall be known as "term bonds" .
The term "governing body" as used in this chapter means the board or body having charge and control of the finances of the municipality, county or school district.
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