40:66A-31.6. Bonds; ordinance; issuance; use of proceeds; pledge of revenue for repayment
173 words·~1 min read·
/nj/title-40/chapter-66a/40-66a-31-6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The board of chosen freeholders is hereby authorized to provide by ordinance at one time or from time to time for the issuance of general obligation bonds of the county for the purpose of paying all or part of the cost of any solid waste disposal facilities constructed, acquired, improved, extended, enlarged or reconstructed pursuant to this act. The bonds of each issue shall be issued pursuant to the provisions of the Local Bond Law, constituting chapter 2 of Title 40A of the New Jersey Statutes.
The proceeds of such bonds shall be used solely for the payment of costs of the solid waste disposal facilities for the purchase, construction, reconstruction, enlargement or improvement of which such bonds shall have been authorized.
The board of chosen freeholders may also pledge to the payment of any or all of such bonds so issued all or any part of the revenues derived by the county from the operation or rental of its solid waste disposal facilities.
L.1970, c. 242, s. 6, eff. Oct. 28, 1970.