New Jersey § acts:saved-27 - (16)
Full text of New Jersey New Jersey Statutes § acts:saved-27 — (16), with citation guidance and answers to common questions.
§ acts:saved-27. (16)
16. (a) If in any year or at any time funds as appropriated by section fifteen hereof
necessary to meet the interest and principal payments upon outstanding bonds issued
under this act be insufficient or are not available, then and in that case, there
shall be assessed, levied and collected annually in each of the municipalities of
the counties of this state, a tax on real and personal property upon which municipal
taxes are or shall be assessed, levied and collected, sufficient to meet the interest
on all outstanding bonds issued hereunder and on such bonds as it is proposed to issue
under this act in the calendar year, in which such tax is to be raised and for the
payment of bonds falling due in the year following the year for which the tax is levied. (b) The tax thus imposed shall be assessed, levied and collected in the same manner
and at the same time as other taxes upon real and personal property are assessed,
levied and collected. The governing body of each municipality shall cause to be paid to the county treasurer
of the county in which such municipality is located on or before the fifteenth day
of December in each year the amount of tax herein directed to be assessed and levied,
and the county treasurer shall pay the amount of said tax to the state treasurer on
or before the twentieth day of December in each year.
Frequently Asked Questions About New Jersey § acts:saved-27
What does New Jersey Statutes § acts:saved-27 cover?
Section acts:saved-27 ("(16)") 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 § acts:saved-27?
A common citation format is "New Jersey Statutes § acts:saved-27" (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 § acts:saved-27 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.