18. The authority shall have power to purchase bonds or notes of the authority out of any funds available therefor. The authority may hold, cancel or resell the bonds or notes subject to and in accordance with agreements with holders of its bonds or notes.
N.J. Stat. Ann. § 27:25A-18
Authority may purchase bonds, notes out of available funds
Known as the South Jersey Transportation Authority Act
The act spans §§ 27:25A-1 to 27:25A-9 (62 sections).
L.1991,c.252,s.18.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.