40:37C-14 - Independence of authority - New Jersey Statutes

40:37C-14.  Independence of authority
    Except as herein provided, no proceedings, referendum, notice or approval shall be required for the creation of an authority or the issuance of any bonds  or any instrument as security therefor, provided however, that nothing herein  shall be construed to deprive the State and its governmental subdivisions of  their respective police powers over properties of an authority, or to impair  any power thereover of any official or agency of the State and its governmental  subdivisions which may be otherwise provided by law.

     L.1973, c. 376, s. 14, eff. Jan. 9, 1974.