New Jersey § 40a:2-39
Full text of New Jersey New Jersey Statutes § 40a:2-39, with citation guidance and answers to common questions.
§ 40a:2-39.
The proceeds of the sale of obligations shall be applied only to the purposes for
which such obligations are authorized. If, for any reason, any part of such proceeds are not necessary for such purposes,
such part shall be used to pay such outstanding obligations, or if in the opinion
of the governing body it is in the best interest of the local unit such part may be
appropriated to and used to finance the cost of any other purpose or purposes for
which bonds may be issued.
Frequently Asked Questions About New Jersey § 40a:2-39
What does New Jersey Statutes § 40a:2-39 cover?
Section 40a:2-39 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 40a:2-39?
A common citation format is "New Jersey Statutes § 40a:2-39" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 40a:2-39 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.