New Jersey § 27:25A-39 State may require authority to redeem, pay bonds or notes

New Jersey Statutes

§ 27:25A-39 — State may require authority to redeem, pay bonds or notes

New Jersey § 27:25A-39

Title 27HIGHWAYS

This text of New Jersey § 27:25A-39 (State may require authority to redeem, pay bonds or notes) 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-39 (2026).

Text

39.The State shall have the right, upon furnishing the authority with sufficient funds therefor, to require the authority to redeem, pay or cause to be paid, at or prior to maturity, in whole or in part, any bonds or notes issued by the authority under this act, provided that the redemption or payment shall be made in accordance with the provisions of any contract entered into by the authority with the holders of the bonds or notes. L.1991,c.252,s.39.

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39. The State shall have the right, upon furnishing the authority with sufficient funds therefor, to require the authority to redeem, pay or cause to be paid, at or prior to maturity, in whole or in part, any bonds or notes issued by the authority under this act, provided that the redemption or payment shall be made in accordance with the provisions of any contract entered into by the authority with the holders of the bonds or notes. L.1991,c.252,s.39.