New Jersey § 27:25A-29 County, municipality may cooperate with authority in projects

New Jersey Statutes

§ 27:25A-29 — County, municipality may cooperate with authority in projects

New Jersey § 27:25A-29

Title 27HIGHWAYS

This text of New Jersey § 27:25A-29 (County, municipality may cooperate with authority in projects) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 27:25A-29 (2026).

Text

29.For the purpose of aiding and cooperating in the acquisition, construction, or operation of any project of the authority, any county or municipality may, upon agreement with the authority and in the manner provided by law: a. Appropriate moneys for the purposes of the authority and to loan or donate the money to the authority in the installments and upon the terms as may be agreed upon by the authority.

b.Perform any act for the authority which it is empowered by law to perform; c. Incur indebtedness, borrow money and issue bonds or notes for the purpose of financing a project pursuant to the provisions of the "Local Bond Law" (N.J.S.40A:2-1 et seq.); and d. Unconditionally guarantee the punctual payment of the principal of and interest on any bonds or notes of the authority. L.1991,c

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29. For the purpose of aiding and cooperating in the acquisition, construction, or operation of any project of the authority, any county or municipality may, upon agreement with the authority and in the manner provided by law: a. Appropriate moneys for the purposes of the authority and to loan or donate the money to the authority in the installments and upon the terms as may be agreed upon by the authority. b. Perform any act for the authority which it is empowered by law to perform; c. Incur indebtedness, borrow money and issue bonds or notes for the purpose of financing a project pursuant to the provisions of the "Local Bond Law" (N.J.S.40A:2-1 et seq.); and d. Unconditionally guarantee the punctual payment of the principal of and interest on any bonds or notes of the authority. L.1991,c.252,s.29.