40:37-95.10a - Issuance of bonds or other obligations of county pursuant to Local Bond Law; limitation on amount - New Jersey Statutes

40:37-95.10a.  Issuance of bonds or other obligations of county pursuant to  Local Bond Law;  limitation on amount
    In any county which has adopted the provisions of the act of which this act  is a supplement, the board of chosen freeholders, in addition to any other  funds or moneys provided for the purposes of said act, may provide funds for  land and improvements by the commission or for the payment of notes previously  authorized or issued to provide such funds, by the issuance of bonds or other  obligations of the county in pursuance of chapter 2 of Title 40A of the New  Jersey Statutes (Local Bond Law) but in no case shall the amount of such bonds  or other obligations, both authorized and outstanding at any one time, exceed  in the aggregate the sum of $5,000,000.00, plus the amount of any funds on hand  applicable to the payment of the principal of such outstanding bonds or other  obligations.

     L.1966, c. 144, s. 1, eff. June 18, 1966.