New Jersey Statutes
§ 18A:24-80 — Exemption from taxation
New Jersey·Title 18A EDUCATION
Any and all bonds issued pursuant to this act shall be conclusively deemed to be governmental obligations for governmental and public purposes, and the same, together with any interest thereon, shall be forever exempt from any and every tax and shall be excluded from the calculation of any and every tax, whenever enacted, of whatever nature and however levied, assessed or calculated, whether during the lifetime or at or after or by reason of the death of any holder. L.1971, c. 36, s. 15, eff. March 4, 1971.
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Nearby Sections
15
§ 18A:24-1
Definitions§ 18A:24-10
School bonds, when deemed to be authorized§ 18A:24-11
Type I districts; authorization of bonds; appropriations and borrowings; procedure to be followed§ 18A:24-11.1
Newark; school bonds; authorization§ 18A:24-11.2. Bond authorization process continued
§ 18A:24-11.2. Bond authorization process continued§ 18A:24-12
Type II districts; authorization of bonds§ 18A:24-13
Combining issues of bonds§ 18A:24-19
School district bonds