New Jersey § 58:11b-11
Full text of New Jersey New Jersey Statutes § 58:11b-11, with citation guidance and answers to common questions.
§ 58:11b-11.
a. The trust shall establish reserve and guarantee funds into which shall be deposited
the proceeds from any State bond issue authorized for deposit in the trust or other
funds appropriated by law to the trust for deposit in the reserve or guarantee funds. The reserve fund shall be used by the trust to secure debt issued by the trust. The guarantee fund shall be used by the trust to secure debt issued by a local government
unit , public water utility, or other person . b. The trust may establish any reserves, funds or accounts as it may determine necessary
or desirable to further the accomplishment of the purposes of the trust or to comply
with the provisions of any agreement made by or authorized in any resolution of the
trust.
Frequently Asked Questions About New Jersey § 58:11b-11
What does New Jersey Statutes § 58:11b-11 cover?
Section 58:11b-11 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 § 58:11b-11?
A common citation format is "New Jersey Statutes § 58:11b-11" (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 § 58:11b-11 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.