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New Jersey Statutes, Title: 52, STATE GOVERNMENT, DEPARTMENTS AND OFFICERS
Chapter 27: Local Government Board to be constituted the "Municipal Finance Commission"
Section: 52:27-39: Reduction in principal of outstanding notes or bonds prohibited
Notwithstanding any provisions of this article the commission shall not approve any adjustment or composition, or plan presented pursuant to this article, which provides for the reduction in the principal amount of any outstanding notes or bonds of the municipality.
This section added to the Rutgers Database: 2012-09-26 13:37:55.
Older versions of 52:27-39 (if available):
Court decisions that cite this statute:
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