New Jersey § 55:14k-26

§ 55:14k-26.

The agency may consent, at or prior to the time of issuance of any issue of its bonds,

to the inclusion of interest on such bonds in the gross income of holders of such

bonds under the federal Internal Revenue Code of 1954, as amended, or any subsequent

federal law, to the same extent and in the same manner as the interest on bills, notes,

bonds and other obligations of the United States is includible in the gross income

of the holders thereof under the federal Internal Revenue Code of 1954, as amended,

or any subsequent federal law. Nothing contained in this act shall be construed to waive or to authorize the agency

to waive any other exemption, privilege or immunity of the State or to consent or

to authorize the agency to consent to the application of any other provision of any

other laws, federal or State, to the agency or to its bonds, which would not otherwise

be so applicable.