New Jersey § 34:1b-152
Full text of New Jersey New Jersey Statutes § 34:1b-152, with citation guidance and answers to common questions.
§ 34:1b-152.
The State hereby pledges and covenants with holders of any bonds, notes or other obligations
issued pursuant to this act that it will not limit or alter the rights or powers vested
in the authority by this act, nor limit or alter the rights or powers of the State
Treasurer in any manner which would jeopardize the interest of the holders or any
trustee of such holders, or inhibit or prevent performance or fulfillment by the authority
or the State Treasurer with respect to the terms of any agreement made with the holders
of these bonds, notes or other obligations. The State also pledges and covenants with the holders of any such bonds, notes
or obligations, that it will not act to prevent the authority from obtaining any of
the revenues provided for in this act, which shall be sufficient to meet all costs
and expenses in connection with the issuance of such obligations, until the bonds,
notes or other obligations, together with interest thereon, are fully met and discharged
or payment thereof is fully provided for, except that the failure of the State to
appropriate moneys for any purposes of this act shall not be deemed a violation of
this section.
Frequently Asked Questions About New Jersey § 34:1b-152
What does New Jersey Statutes § 34:1b-152 cover?
Section 34:1b-152 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-152?
A common citation format is "New Jersey Statutes § 34:1b-152" (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-152 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.