New Jersey § 32:13a-18
Full text of New Jersey New Jersey Statutes § 32:13a-18, with citation guidance and answers to common questions.
§ 32:13a-18.
The commission is hereby authorized to provide by resolution for the issuance of tunnel
revenue refunding bonds of the county for the purpose of refunding any tunnel revenue
bonds issued under the provisions of this chapter and then outstanding. The issuance of such tunnel revenue refunding bonds, the maturities and other details
thereof, the rights of the holders thereof, and the duties of the county and of the
commission in respect to the same, shall be governed by the foregoing provisions of
this chapter in so far as the same may be applicable, and by the following provisions: a. No tunnel revenue refunding bonds shall be delivered, unless delivered in exchange
for tunnel revenue bonds to be refunded thereby, except in the amount necessary to
provide for the payment of matured or redeemable tunnel revenue bonds or tunnel revenue
bonds maturing or redeemable within three months, including any redemption premium
thereon. b. No tunnel revenue refunding bonds shall be issued, unless issued to refund tunnel
revenue bonds which have matured or will mature within three months, or unless the
interest rate of the tunnel revenue refunding bonds shall be at least one-fourth of
one per cent less than the interest rate borne by the tunnel revenue bonds to be refunded.
Frequently Asked Questions About New Jersey § 32:13a-18
What does New Jersey Statutes § 32:13a-18 cover?
Section 32:13a-18 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 § 32:13a-18?
A common citation format is "New Jersey Statutes § 32:13a-18" (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 § 32:13a-18 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.