New Jersey Statutes
§ 40:66A-16 — Personal liability on bonds; not debt or liability of State or local unit.
New Jersey·Title 40 MUNICIPALITIES AND COUNTIES
16.Neither the members of the incinerator or environmental services authority nor any person executing bonds issued pursuant to this act shall be liable personally on the bonds by reason of the issuance pursuant to this act shall not be in any way a debt or liability of the State, and bonds or other obligations issued by an incinerator or environmental services authority pursuant to this act shall not be in any way a debt or liability of the State or of any local unit or municipality. L.1948, c.348, s.16; amended 2012, c.31, s.17.
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Nearby Sections
15
§ 40:66A-1
Short title.§ 40:66A-11
Rights of holders of temporary bonds.§ 40:66A-12
Publication of bond proceedings.§ 40:66A-13
Negotiability of bonds or obligations§ 40:66A-14
Provisions of bond resolutions.§ 40:66A-17
Real property, acquisition of; condemnation.§ 40:66A-18
Service charge with regard to real property; interest; liens, enforcement of; collection.§ 40:66A-19
Sale, lease, loan, grant or conveyance to incinerator, environmental services authority; permit.§ 40:66A-2
Public interest and policy declared.§ 40:66A-20
Contracts.§ 40:66A-21
Public bodies to pay service charge.