New Jersey Statutes
§ 40:37B-11 — Creation of other authority for same or similar purposes prohibited
New Jersey·Title 40 MUNICIPALITIES AND COUNTIES
No governing body which may create an authority pursuant to this act for any of the purposes hereinbefore set out shall thereafter create any other authority for the same or similar purpose which will be competitive with the public services to be rendered or furnished by the authority first established. L.1967, c. 136, s. 11, eff. June 28, 1967.
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Nearby Sections
15
§ 40:37B-1
Short title§ 40:37B-10
Purpose of authority§ 40:37B-13
Facility charges§ 40:37B-14
Compliance of facility charges with terms of lease or other agreement; adjustment of charges§ 40:37B-18
Sale of bonds and notes§ 40:37B-19
Bond anticipation notes; sale; report§ 40:37B-2
Definitions§ 40:37B-20
Public sale of bonds upon sealed proposals; exceptions; deposit; confirmation of private sale§ 40:37B-22
Terms and conditions of sale