New Jersey § 32:11d-81
Full text of New Jersey New Jersey Statutes § 32:11d-81, with citation guidance and answers to common questions.
§ 32:11d-81.
Bond redemption and interest payments shall, to the extent provided in the resolution
or indenture, constitute a first, direct and exclusive charge and lien on all such
rates, rents, tolls, fees and charges and other revenues and interest thereon received
from the use and operation of the facility, and on any sinking or other funds created
therefrom. All such rates, rents, tolls, fees, charges and other revenues, together with interest
thereon, shall constitute a trust fund for the security and payment of such bonds
and except as and to the extent provided in the indenture with respect to the payment
therefrom of expenses for other purposes including administration, operation, maintenance,
improvements or extensions of the facilities or other purposes shall not be used or
pledged for any other purpose so long as such bonds, or any of them, are outstanding
and unpaid.
Frequently Asked Questions About New Jersey § 32:11d-81
What does New Jersey Statutes § 32:11d-81 cover?
Section 32:11d-81 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 § 32:11d-81?
A common citation format is "New Jersey Statutes § 32:11d-81" (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 § 32:11d-81 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.