New Jersey § 18a:24-9
Full text of New Jersey New Jersey Statutes § 18a:24-9, with citation guidance and answers to common questions.
§ 18a:24-9.
Any obligation issued pursuant to this chapter, may be issued subject to redemption
prior to maturity with or without premium at such redemption price or prices and under
such terms and conditions as shall be fixed by resolution of the governing body of
the municipality, or of the board of education of the district, issuing the same,
which price or prices shall not exceed the principal amount of such obligations plus
interest accrued to the date of redemption unless the local finance board in the division
of local finance in the department of community affairs, after consultation with the
commissioner and after consideration of the redemption price or prices, including
any redemption premium applicable thereto, the time or times of the proposed issuance
thereof, the rate or maximum rate of interest borne or to be borne thereby, the maturity
or maturities thereof and the earliest date of redemption thereof, shall by resolution,
find that such redemption price or prices and such redemption premium, if any, are
not unreasonable or exorbitant, and shall assent to the issuance of such obligations,
subject to redemption at such redemption price or prices and at such redemption premium,
if any.
Frequently Asked Questions About New Jersey § 18a:24-9
What does New Jersey Statutes § 18a:24-9 cover?
Section 18a:24-9 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 § 18a:24-9?
A common citation format is "New Jersey Statutes § 18a:24-9" (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 § 18a:24-9 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.