32:11D-67 - Funding and refunding - New Jersey Statutes

32:11D-67.  Funding and refunding    Whenever the commission deems it expedient, it may fund and refund its bonds  and other obligations whether or not such bonds and obligations have matured.   It may provide for the issuance, sale or exchange of refunding bonds for the  purpose of redeeming or retiring any bonds (including the payment of any  premium, duplicate interest or cash adjustment required in connection  therewith) issued by the commission or issued by any other issuing body, the  proceeds of the sale of which have been applied to any facility acquired by the  commission or which are payable out of the revenues of any facility acquired by  the commission.  Bonds may be issued partly to refund bonds and other  obligations then outstanding, and partly for any other purpose of the  commission.  All provisions of this compact applicable to the issuance of bonds  are applicable to refunding bonds and to the issuance, sale or exchange  thereof.

     L.1961, c. 13, p. 69, s. 12.4.