N.J.S.A. 40:66A-49 — Personal liability on bonds; not debt or liability of State or local unit

40:66A-49. Personal liability on bonds; not debt or liability of State or local unit Neither the member of the solid waste management authority nor any person executing bonds issued pursuant to this act shall be liable personally on the bonds by reason of the issuance thereof. Bonds or other obligations issued pursuant to this act shall not be in any way a debt or liability of the State, and bonds or other obligations issued by a solid waste management authority pursuant to this act shall not be in any way a debt or liability of the State or of any local unit or municipality. L.1968, c. 249, s. 16, eff. Aug. 16, 1968.

This is the verbatim text of N.J.S.A. 40:66A-49, 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.