N.J.S.A. 32:8-5

Pledging credit of states, counties or municipalities prohibited

32:8-5. Pledging credit of states, counties or municipalities prohibited ARTICLE IV. Notwithstanding any provision of this agreement, the commission shall have no power to pledge the credit of the state of New Jersey, or of the commonwealth of Pennsylvania, or of any county, city, borough, village, township and other municipality of said state or commonwealth, or to create any debt against said state or commonwealth or any such municipality.

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This is the verbatim text of N.J.S.A. 32:8-5, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 32:8-5 — Pledging credit of states, counties or municipalities prohibited | Kyzer