| 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: 40A, MUNICIPALITIES AND COUNTIES
Chapter 2:
Section: 40A:2-6: Debt limitation
No bond ordinance shall be finally adopted if it appears from the supplemental debt statement required by this chapter that the percentage of net debt as stated therein pursuant to 40A:2-42 exceeds 2.00\%, in the case of a county, or 3 1/2 \%, in the case of a municipality.
L.1960, c. 169, s. 1, eff. Jan. 1, 1962. Amended by L.1964, c. 72, s. 2.
This section added to the Rutgers Database: 2012-09-26 13:37:52.
Older versions of 40a:2-6 (if available):
Court decisions that cite this statute:
CLICK HERE.