New Jersey § 40A:2-29 Minimum price for obligations.

New Jersey Statutes

§ 40A:2-29 — Minimum price for obligations.

New Jersey § 40A:2-29

Title 40AMUNICIPALITIES AND COUNTIES

This text of New Jersey § 40A:2-29 (Minimum price for obligations.) 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. § 40A:2-29 (2026).

Text

40A:2-29. Obligations sold pursuant to subsection d. of N.J.S.40A:2-32 shall be sold at not less than par value plus any interest accrued to the date of delivery. No other obligations shall be sold for less than 99% of par value and interest accrued to date of delivery unless the local unit has obtained the approval of the director, which approval may be subject to such conditions as the director deems necessary and appropriate. L.1960, c.169, s.1; amended 2003, c.15, s.5.

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40A:2-29. Obligations sold pursuant to subsection d. of N.J.S.40A:2-32 shall be sold at not less than par value plus any interest accrued to the date of delivery. No other obligations shall be sold for less than 99% of par value and interest accrued to date of delivery unless the local unit has obtained the approval of the director, which approval may be subject to such conditions as the director deems necessary and appropriate. L.1960, c.169, s.1; amended 2003, c.15, s.5.