New Jersey § 40:23-12.3 Bonds authorized

New Jersey Statutes

§ 40:23-12.3 — Bonds authorized

New Jersey § 40:23-12.3

Title 40MUNICIPALITIES AND COUNTIES

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Bluebook

N.J. Stat. Ann. § 40:23-12.3 (2026).

Text

For the purpose of funding a farm loan program authorized pursuant to section 2 of this act, the county is authorized, by bond ordinance, to incur indebtedness, borrow money, and authorize and issue negotiable obligations in an amount not to exceed $5,000,000.00 in any five-year period, or to appropriate general revenues of the county, or both. All the provisions of the "Local Bond Law" (N.J.S.40A:2-1 et seq.) not in conflict with this act shall be complied with by the county in adopting its bond ordinances. L.1987,c.34,s.3; amended 1989,c 158,s.3.

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For the purpose of funding a farm loan program authorized pursuant to section 2 of this act, the county is authorized, by bond ordinance, to incur indebtedness, borrow money, and authorize and issue negotiable obligations in an amount not to exceed $5,000,000.00 in any five-year period, or to appropriate general revenues of the county, or both. All the provisions of the "Local Bond Law" (N.J.S.40A:2-1 et seq.) not in conflict with this act shall be complied with by the county in adopting its bond ordinances. L.1987,c.34,s.3; amended 1989,c 158,s.3.