Sale of bonds; interest

N.J. Stat. § 40:68A-46
in effect
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Bonds of a municipal port authority may be sold by the municipal port authority at public or private sale at such price or prices as the municipal port authority shall determine; provided, however, that the interest cost to maturity of the money received for any issue of bonds (computed according to standard tables of bond values) shall not exceed 6% per annum. L.1960, c. 192, p. 819, s. 18, eff. Feb. 15, 1961.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.njleg.state.nj.us/legislative-activity/statutesFetched: 10/17/2026

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N.J. Stat. § 40:68A-46 — Sale of bonds; interest | New Jersey Statutes (Aug. 2026 snapshot) | Corpus