31:1-7 - Interest rate limitations applicable to counties, municipalities, etc.; suspension - New Jersey Statutes

31:1-7.  Interest rate limitations applicable to counties, municipalities, etc.;  suspension
    Notwithstanding the provisions of any other law, statute or regulation applicable to or constituting any limitation on the maximum rate of interest per annum payable on bonds, notes or other obligations, or as to annual interest cost to maturity of money borrowed or received upon issuance of bonds,  notes or other obligations, every county, municipality, school district, body  corporate and politic, district or public authority, agency, commission or  other public institution heretofore or hereafter created by the State, any  county, or municipality or by one or more counties or municipalities, is hereby  authorized and empowered to contract to pay interest on or an interest cost per  annum for money borrowed and evidenced by bonds, notes or other obligations  without limit as to the rate of interest per annum payable thereon or as to the  annual interest cost to maturity of the money borrowed.

     L.1969, c. 137, s. 1, eff. July 3, 1969.  Amended by L.1970, c. 21, s. 2; L.1970, c. 49, s. 2, eff. May 8, 1970;  L.1971, c. 208, s. 1, eff. June 9, 1971; L.1972, c. 65, s. 1, eff. June 9, 1972;  L.1973, c. 144, s. 1, eff. May 22, 1973;  L.1974, c. 31, s. 1, eff. May 29, 1974;  L.1975, c. 130, s. 1, eff. June 30, 1975;  L.1978, c. 49, s. 1, eff. June 19, 1978;  L.1981, c. 189, s. 1, eff. June 25, 1981;  L.1981, c. 381, s. 1, eff. Dec. 31, 1981; L.1981, c. 559, s. 1.