Skip to main content
THIS SITE
PREVIOUS SECTION Go back to sections Go back to the chapter Go back to the N.J. Statutes homepage NEXT SECTION


New Jersey Statutes, Title: 40, MUNICIPALITIES AND COUNTIES

    Chapter 37b:

      Section: 40:37b-18: Sale of bonds and notes

           Bonds and notes of an authority may be sold, as hereinafter provided, at public or private sale at such price or prices as the authority shall determine; provided, however, that the interest cost to their average maturity of the money received for any group of bonds sold in a single transaction (computed according to standard tables of bond values) shall not exceed 6\% per annum. No obligations shall be sold for less than par value and interest accrued to date of delivery.

L.1967, c. 136, s. 18, eff. June 28, 1967.



This section added to the Rutgers Database: 2012-09-26 13:37:51.






Older versions of 40:37b-18 (if available):



Court decisions that cite this statute: CLICK HERE.