New Jersey § 40a:26a-9
Full text of New Jersey New Jersey Statutes § 40a:26a-9, with citation guidance and answers to common questions.
§ 40a:26a-9.
A local unit having adopted an ordinance or resolution pursuant to N.J.S.40A:26A-4 , may issue bonds pursuant to the provisions of the “Local Bond Law,” N.J.S.40A:2-1 et seq. , for all or part of the cost of sewerage facilities. Proceeds from the bonds shall be used solely for the payment of the costs of the
sewerage facilities for which the bonds have been authorized. Bonds issued by a local unit or local units may be: a. General obligation bonds payable from unlimited ad valorem taxes which may additionally
be secured by a pledge of revenues from rates, rentals or other charges levied and
collected pursuant to the provisions of N.J.S.40A:26A-10 and 40A:26A-11 ; b. Local improvement assessment bonds payable from local improvement assessments as
provided in N.J.S.40A:26A-13 , additionally secured by unlimited ad valorem taxes; or c. General obligation bonds secured and payable from rates, rental and other charges
levied and collected pursuant to N.J.S.40A:26A-10 and 40A:26A-11 , and additionally secured by unlimited ad valorem taxes. Bonds may additionally be secured by a pledge of any grant, subsidy or contribution
received by the issuing local unit from the United States or the State of New Jersey,
or any agency, instrumentality or political subdivision thereof.
Frequently Asked Questions About New Jersey § 40a:26a-9
What does New Jersey Statutes § 40a:26a-9 cover?
Section 40a:26a-9 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:26a-9?
A common citation format is "New Jersey Statutes § 40a:26a-9" (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:26a-9 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.