New Jersey § 40A:12A-70 Bonds exempt from taxation

New Jersey Statutes

§ 40A:12A-70 — Bonds exempt from taxation

New Jersey § 40A:12A-70

Title 40AMUNICIPALITIES AND COUNTIES

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Bluebook

N.J. Stat. Ann. § 40A:12A-70 (2026).

Text

7.All bonds issued pursuant to the "Redevelopment Area Bond Financing Law," P.L.2001, c.310 (C.40A:12A-64 et seq.) are hereby declared to be issued by a political subdivision of this State and for an essential public and governmental purpose and the bonds, and the interest thereon and the income therefrom, and all facility charges, funds, revenues and other moneys pledged or available to pay or secure the payment of the bonds, or interest thereon, shall at all times be exempt from taxation except for transfer inheritance and estate taxes. L.2001,c.310,s.7.

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7. All bonds issued pursuant to the "Redevelopment Area Bond Financing Law," P.L.2001, c.310 (C.40A:12A-64 et seq.) are hereby declared to be issued by a political subdivision of this State and for an essential public and governmental purpose and the bonds, and the interest thereon and the income therefrom, and all facility charges, funds, revenues and other moneys pledged or available to pay or secure the payment of the bonds, or interest thereon, shall at all times be exempt from taxation except for transfer inheritance and estate taxes. L.2001,c.310,s.7.