N.J.S.A. 40:37A-129 — Insurance or guarantee of bonds or other obligations; agreement with department or agency of federal government

40:37A-129. Insurance or guarantee of bonds or other obligations; agreement with department or agency of federal government Authority is authorized and empowered to obtain from any department or agency of the United States any insurance or guarantee as to, or of or for the payment or repayment of interest or principal, or both, or any part thereof, on any bonds, bond anticipation notes or other notes or obligations issued by the authority pursuant to the provisions of this act; and notwithstanding any other provisions of this act to enter into any agreement, contract or any other instrument whatsoever with respect to any such insurance or guarantee except to the extent that such action would in any way impair or interfere with the agency's ability to perform and fulfill the terms of any agreement made with the holders of the bonds, bond anticipation notes or other notes or obligations of the authority. L.1979, c. 275, s. 24, eff. Jan. 3, 1980.

This is the verbatim text of N.J.S.A. 40:37A-129, 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.