34:1B-206 Bonds not considered debt, liability of State.
60 words·~1 min read·
/nj/title-34/chapter-1b/34-1b-206·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
17. Bonds issued by the New Jersey Economic Development Authority or other State entity for the purposes as provided in section 16 of P.L.2007, c.30 (C.34:1B-205) shall not be a debt or liability of the State or any agency or instrumentality thereof, except as otherwise provided by section 16 of P.L.2007, c.30 (C.34:1B-205), either legal, moral or otherwise.
L.2007, c.30,s.17.