New Jersey § 40a:2-14
Full text of New Jersey New Jersey Statutes § 40a:2-14, with citation guidance and answers to common questions.
§ 40a:2-14.
a. Any bond ordinance to finance any local improvement, in addition to other required
provisions, shall contain: 1. a determination of the amount or the percentage of the cost which the local unit
will contribute to the payment of the cost of the local improvement; 2. a statement of the number of annual installments in which the special assessments
may be paid, not exceeding 20, or the average thereof if more than 1 local improvement
is being financed; and 3. a statement of the estimated maximum amount of the special assessments. b. Before or after confirmation of special assessments, a local unit may authorize
and issue obligations to finance a local improvement, except that 1. a local unit may not issue bonds to finance its share of the cost of a local improvement
in excess of the amount or percentage of contribution; 2. bonds to finance the cost of a local improvement to be assessed against properties
may not be issued in excess of the stated estimated maximum amount of special assessments,
or the amount of special assessments then confirmed, unpaid and not delinquent. c. Bonds to finance that part of the cost of a local improvement which is to be assessed
on property shall not be issued to finance any other additional purpose and shall
include in the title thereof the word “assessment”.
Frequently Asked Questions About New Jersey § 40a:2-14
What does New Jersey Statutes § 40a:2-14 cover?
Section 40a:2-14 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:2-14?
A common citation format is "New Jersey Statutes § 40a:2-14" (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:2-14 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.