New Jersey § 40a:10-38
Full text of New Jersey New Jersey Statutes § 40a:10-38, with citation guidance and answers to common questions.
§ 40a:10-38.
Upon adoption of a bond resolution, a joint insurance fund shall have the power to
incur indebtedness, borrow money and issue its bonds for the purpose of raising funds
to establish an environmental impairment liability insurance pool or funding or refunding
any bonds or other indebtedness, including a letter of credit. A bond shall be authorized by the bond resolution and may be issued in one or more
series. A bond shall bear the date provided in the resolution and shall mature on a date
not exceeding 20 years from the date on the bond. A bond shall bear interest at a rate within the maximum rate, be in the denomination
and the form, carry the conversion or registration privileges, have such rank or priority,
be executed in such manner, be payable from such sources in such medium of payment
at such place or places within or without the State, and be subject to such terms
of redemption, with or without premium, as the bond resolution may provide.
Frequently Asked Questions About New Jersey § 40a:10-38
What does New Jersey Statutes § 40a:10-38 cover?
Section 40a:10-38 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 § 40a:10-38?
A common citation format is "New Jersey Statutes § 40a:10-38" (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 § 40a:10-38 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.