New Jersey § 40a:4-70
Full text of New Jersey New Jersey Statutes § 40a:4-70, with citation guidance and answers to common questions.
§ 40a:4-70.
In the text of each tax anticipation note there shall appear in substance the following
recital: “This note is issued pursuant to the local budget law and in anticipation of the collection
of taxes of the budget year 19․․․․․․ (stating the budget year); the gross borrowing power in respect of such notes, as
determined in accordance with said act, is $․․․․․․․․․․ (stating the gross borrowing power as shown on the certificate quoted in the resolution
authorizing such note); the amount of such notes outstanding, including all notes
delivered simultaneously with this note, is $․․․․․․․․․․․.” Such recital shall be deemed to be made by any financial officer who signs the note,
and his signature to the note shall constitute a declaration to the other officers
who sign such note that the recital is correct. Such recital shall constitute conclusive evidence to the holder or holders of such
note that the same was fully authorized under and within the powers, limitations and
provisions of this chapter.
Frequently Asked Questions About New Jersey § 40a:4-70
What does New Jersey Statutes § 40a:4-70 cover?
Section 40a:4-70 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:4-70?
A common citation format is "New Jersey Statutes § 40a:4-70" (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:4-70 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.