N.J.S.A. 40:37C-6 — Sale or lease of facilities; minimum amount of payments or rentals

40:37C-6. Sale or lease of facilities; minimum amount of payments or rentals Any sale or lease of pollution control facilities entered into pursuant to the provisions of this act shall provide for payments or rentals adequate to pay the principal of and interest and premiums, if any, on bonds issued to finance such facilities as the same fall due and to create and maintain such reserves and accounts for depreciation, if any, as the authority shall determine to be necessary. L.1973, c. 376, s. 6, eff. Jan. 9, 1974.

This is the verbatim text of N.J.S.A. 40:37C-6, 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.