40A:10-38.2. Definitions
80 words·~1 min read·
/nj/title-40a/chapter-10/40a-10-38-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
2. As used in this act:
a. "Bond" means bonds and other obligations, such as letters of credit, authorized and issued by a joint insurance fund.
b. "Bond resolution" means a resolution adopted by a joint insurance fund describing the bonds to be authorized and issued and the bonds or indebtedness to be funded or refunded.
c. "Joint insurance fund" or "fund" means a joint insurance fund created pursuant to subsection b. of section 1 of P.L.1983, c.372 (C.40A:10-36).
L.1993,c.269,s.2.