New Jersey Statutes
§ App.A:4-38 — Bonds may be refunded notwithstanding budget provisions or previous appropriation
New Jersey § App.A:4-38
This text of New Jersey § App.A:4-38 (Bonds may be refunded notwithstanding budget provisions or previous appropriation) 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. § App.A:4-38 (2026).
Text
7.Any bonds or notes authorized by this act to be funded or refunded may be funded or refunded, notwithstanding that provision for their payment shall have been made in any budget theretofore adopted, or that funds or revenues remaining uncollected have by law been appropriated to their payment. The funds to be realized from such appropriations or from the collection of such funds or revenues may, however, by resolution adopted by the governing body prior to the issuance of refunding bonds, be pledged to the payment of such refunding bonds, and such pledge shall thereafter be deemed a contract between such municipality and the holders of said bonds. Such funds or revenues so pledged shall when received be deposited forthwith in a trust fund which shall be established by the governing body
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Nearby Sections
15
§ App.A:4-10
Local approval of reclamation project§ App.A:4-11
Application of act§ App.A:4-12
Effective date§ App.A:4-12.2
Refund to municipalities§ App.A:4-12.3
Effective date§ App.A:4-13
Disposition of water system revenues to meet bonds issued pursuant to contract with federal government§ App.A:4-14
Effective date§ App.A:4-19
Power to issue bonds; purposes§ App.A:4-20
Name of bonds; ordinance; procedure; details§ App.A:4-22
Provisions of ordinance§ App.A:4-23
Sale price; exchange or sale of bonds§ App.A:4-25
Budget provisionsCite This Page — Counsel Stack
Bluebook (online)
New Jersey § App.A:4-38, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/App.A%3A4-38.