N.J.S.A. 40:14B-27

Sale of bonds

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.

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This is the verbatim text of N.J.S.A. 40:14B-27, 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. 40:14B-27 — Sale of bonds | Kyzer