New Jersey § 34:1b-54
Full text of New Jersey New Jersey Statutes § 34:1b-54, with citation guidance and answers to common questions.
§ 34:1b-54.
Bonds and notes of the authority issued under the provisions of this act shall not
be in any way a debt or liability of the State or of any political subdivision thereof
or be or constitute a pledge of the faith and credit of the State or of any political
subdivision thereof but all bonds and notes, unless funded or refunded by the bonds
or notes of the authority, shall be payable solely from revenues or funds pledged
or available for their payment as authorized in this act. Each bond and note shall contain on its face a statement to the effect that the
authority is obligated to pay the principal thereof or the interest thereon only from
revenues or funds of the agency and that neither the State nor any political subdivision
thereof is obligated to pay the principal or interest and that neither the faith and
credit nor the taxing power of the State or any political subdivision thereof is pledged
to the payment of the principal of or the interest on the bonds or notes.
Frequently Asked Questions About New Jersey § 34:1b-54
What does New Jersey Statutes § 34:1b-54 cover?
Section 34:1b-54 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-54?
A common citation format is "New Jersey Statutes § 34:1b-54" (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-54 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.