13:17-26 - Bonds and notes not deemed debt or liability of state or political subdivision - New Jersey Statutes

13:17-26.  Bonds and notes not deemed debt or liability of state or political subdivision
    Except as otherwise provided by or pursuant to Section II of Article VIII of  the State Constitution and approved by a majority of the legally constituted  voters of the State voting thereon or except when any county or municipality  shall have guaranteed principal or interest thereon, bonds and notes issued by  the commission under the provisions of this act shall not be deemed to  constitute a debt or liability of the State or of any political subdivision  thereof or a pledge of the faith and credit of the State or of any political  subdivision except the commission and all such bonds or notes shall contain on  the face thereof a statement to that effect.

     L.1968, c. 404, s. 25.