N.J.S.A. 40:3-1

Definitions

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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This is the verbatim text of N.J.S.A. 40:3-1, 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. 40:3-1 — Definitions | Kyzer