New Jersey § 52:27d-488
Full text of New Jersey New Jersey Statutes § 52:27d-488, with citation guidance and answers to common questions.
§ 52:27d-488.
Bonds, notes or other obligations issued pursuant to the “Revenue Allocation District
Financing Act,” P.L.2001, c. 310 ( C.52:27D-459 et seq. ) are for an essential public and governmental purpose, and the bonds, notes or other
obligations, their transfer and the interest and premium, if any, thereon and the
income therefrom, including any profit made on the sale thereof, and all assessments,
charges, funds, revenues, income and other moneys pledged or available to pay or secure
the payments of the bonds, or interest thereon, shall be exempt from taxation of every
kind by the State and the municipality, except transfer inheritance and estate taxes
unless exemptions from those taxes have been provided under other laws.
Frequently Asked Questions About New Jersey § 52:27d-488
What does New Jersey Statutes § 52:27d-488 cover?
Section 52:27d-488 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 § 52:27d-488?
A common citation format is "New Jersey Statutes § 52:27d-488" (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 § 52:27d-488 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.