The total amount of guaranty and insurance liability of the authority which may be outstanding at any time shall in no event exceed the sum of eleven million dollars ($11,000,000.00).
N.J. Stat. Ann. § 38:23B-14.5
Limit on amount of guaranty and insurance liability outstanding
Known as the Veterans' Loan Act
The act spans §§ 38:23B-1 to 38:23B-9.1 (36 sections).
L.1945, c. 185, p. 629, s. 11.
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.