40A:5A-9 - Authorization for local units to incur indebtedness and issue obligations - New Jersey Statutes

40A:5A-9.  Authorization for local units to incur indebtedness and issue obligations    To the extent not otherwise provided for in Title 40 of the Revised Statutes  or Title 40A of the New Jersey Statutes and in order to satisfy the provisions  of section 8 of this act, any local unit or units having created or joined an  authority, or which may hereafter join, create or join in the creation of an  authority or which are now or hereafter under contract with an authority in  connection with a project financing, are authorized and shall have the power to  incur indebtedness and issue obligations for any purpose for which an authority  may issue obligations and to donate the proceeds of those obligations to an  authority to be expended for the purpose for which the funds were borrowed.   Except as otherwise provided in this act, all obligations shall be authorized  and issued in the manner provided for in Title 40 or Title 40A.

     L.1983, c. 313, s. 9.