40:23-12.3. Bonds authorized
89 words·~1 min read·
/nj/title-40/chapter-23/40-23-12-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For the purpose of funding a farm loan program authorized pursuant to section 2 of this act, the county is authorized, by bond ordinance, to incur indebtedness, borrow money, and authorize and issue negotiable obligations in an amount not to exceed $5,000,000.00 in any five-year period, or to appropriate general revenues of the county, or both. All the provisions of the "Local Bond Law" (N.J.S.40A:2-1 et seq.) not in conflict with this act shall be complied with by the county in adopting its bond ordinances.
L.1987,c.34,s.3; amended 1989,c 158,s.3.