New Jersey Statutes
§ 40:14A-19 — Liability on bonds; exemptions
New Jersey § 40:14A-19
JurisdictionNew Jersey
Title 40MUNICIPALITIES AND COUNTIES
This text of New Jersey § 40:14A-19 (Liability on bonds; exemptions) 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. § 40:14A-19 (2026).
Text
Neither the members of the sewerage 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 sewerage authority pursuant to this act shall not be in any way a debt or liability of the State or of any local unit or of any county or municipality and shall not create or constitute any indebtedness, liability or obligation of the State or of any such local unit, county or municipality, either legal, moral or otherwise, and nothing in this act contained shall be construed to authorize any sewerage authority to incur any indebtedness on behalf of or in any
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Nearby Sections
15
§ 40:14A-1
Citation of act§ 40:14A-10
Bonds; issuance authorized§ 40:14A-12
Funding or refunding bonds§ 40:14A-13
Interim certificates or bonds§ 40:14A-15
Negotiability of bonds§ 40:14A-16
Provisions authorized in bond resolution§ 40:14A-18
Receiver; powers§ 40:14A-19
Liability on bonds; exemptions§ 40:14A-2
Declaration of policy; purpose§ 40:14A-20
Real property; acquisitionCite This Page — Counsel Stack
Bluebook (online)
New Jersey § 40:14A-19, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/40/40%3A14A-19.