New Jersey § 34:1b-151
Full text of New Jersey New Jersey Statutes § 34:1b-151, with citation guidance and answers to common questions.
§ 34:1b-151.
Bonds and notes issued by the authority pursuant to the provisions of this act shall
be special and limited obligations which are payable only from the sources enumerated
in this act. Neither the members of the authority nor any other person executing the bonds or
notes issued pursuant to this act shall be liable personally with respect to payment
of interest and principal on these bonds, notes, or any other obligations issued pursuant
to this act. The bonds, notes, or any other obligations issued pursuant to the provisions of
this act shall not be a debt or liability of the State or any agency or instrumentality
thereof, either legal, moral or otherwise, and nothing contained in this act shall
be construed to authorize the authority to incur any indebtedness on behalf of or
in any way to obligate the State or any political subdivision and all debt instruments
issued by the authority shall contain a statement to that effect on their face.
Frequently Asked Questions About New Jersey § 34:1b-151
What does New Jersey Statutes § 34:1b-151 cover?
Section 34:1b-151 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 § 34:1b-151?
A common citation format is "New Jersey Statutes § 34:1b-151" (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 § 34:1b-151 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.