New Jersey § 52:18b-8
Full text of New Jersey New Jersey Statutes § 52:18b-8, with citation guidance and answers to common questions.
§ 52:18b-8.
The issuance of securities and the execution of any ancillary facility under the provisions
of this act shall not directly, or indirectly or contingently obligate the State or
any political subdivision thereof to pay any amounts to the corporation or owner of
securities or benefitted parties or levy or pledge any form of taxation whatsoever
therefor. The securities and any ancillary facility shall not be a debt or liability of the
State or any agency or instrumentality thereof (other than the corporation as set
forth in this act), either legal, moral or otherwise, and nothing contained in this
act shall be construed to authorize the corporation to incur any indebtedness on behalf
of or in any way to obligate the State or any political subdivision thereof, and the
securities and any ancillary facility shall contain on the face thereof or other prominent
place thereon in bold typeface a statement to the foregoing effect. No appropriation of any moneys by the State to the corporation is authorized in
this act.
Frequently Asked Questions About New Jersey § 52:18b-8
What does New Jersey Statutes § 52:18b-8 cover?
Section 52:18b-8 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 § 52:18b-8?
A common citation format is "New Jersey Statutes § 52:18b-8" (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 § 52:18b-8 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.