New Jersey § 40a:12a-29
Full text of New Jersey New Jersey Statutes § 40a:12a-29, with citation guidance and answers to common questions.
§ 40a:12a-29.
a. Bonds and notes issued by a redevelopment entity pursuant to this act shall be authorized by resolution of the redevelopment entity and may be issued in one or more series and shall be sold in any one of the following
manners: (1) at public sale at not less than par after advertisement in a newspaper
of general circulation in the municipality or county and in a financial paper published
in the city of Philadelphia, Pennsylvania, or the city of New York, New York, one
week prior to the sale; (2) at private sale without advertisement at not less than
par to a municipality, county, the State or federal government; (3) at public sale
to any willing buyer at less than par and at private sale to any willing buyer without
advertisement at par or less than par, upon application to and prior approval of the
Local Finance Board in the Department of Community Affairs. b. (Deleted by amendment, P.L.2001, c. 310 ). c. Bonds issued to finance redevelopment projects may be secured by the assets and
revenues of such projects. A municipality or redevelopment entity financing redevelopment projects through
the issuance of bonds may pledge the property and revenues of those projects, or any
of them, for repayment of those bonds, and shall pay such rate of interest thereon
as the governing body may deem for the best interest of the county, municipality or redevelopment entity, as applicable . d. Bonds issued to finance housing projects may be secured by the assets and revenues
of those housing projects or by contractual agreements with the federal government. A municipality, county, or housing authority financing housing projects through
the issuance of bonds may pledge the property and revenues of those projects, or any
of them, for the repayment of those bonds, and shall pay such rate of interest thereon
as the county or municipal governing body, as the case may be, may deem for the best
interest of the county or municipality. e. (Deleted by amendment, P.L.2001, c. 310 ) .
Frequently Asked Questions About New Jersey § 40a:12a-29
What does New Jersey Statutes § 40a:12a-29 cover?
Section 40a:12a-29 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:12a-29?
A common citation format is "New Jersey Statutes § 40a:12a-29" (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:12a-29 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.