New Jersey § 40a:12a-70
Full text of New Jersey New Jersey Statutes § 40a:12a-70, with citation guidance and answers to common questions.
§ 40a:12a-70.
All bonds issued pursuant to the “Redevelopment Area Bond Financing Law,” P.L.2001, c. 310 ( C.40A:12A-64 et seq. ) are hereby declared to be issued by a political subdivision of this State and for
an essential public and governmental purpose and the bonds, and the interest thereon
and the income therefrom, and all facility charges, funds, revenues and other moneys
pledged or available to pay or secure the payment of the bonds, or interest thereon,
shall at all times be exempt from taxation except for transfer inheritance and estate
taxes.
Frequently Asked Questions About New Jersey § 40a:12a-70
What does New Jersey Statutes § 40a:12a-70 cover?
Section 40a:12a-70 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-70?
A common citation format is "New Jersey Statutes § 40a:12a-70" (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-70 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.