N.J.S.A. 40A:2-29 — Minimum price for obligations.

40A:2-29 Minimum price for obligations. 40A:2-29. Obligations sold pursuant to subsection d. of N.J.S.40A:2-32 shall be sold at not less than par value plus any interest accrued to the date of delivery. No other obligations shall be sold for less than 99% of par value and interest accrued to date of delivery unless the local unit has obtained the approval of the director, which approval may be subject to such conditions as the director deems necessary and appropriate. L.1960, c.169, s.1; amended 2003, c.15, s.5.

This is the verbatim text of N.J.S.A. 40A:2-29, 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.