Public-domain · open source
OpenJurist

N.J. Stat. Ann. § 40A:2-41

Contents of annual debt statement

Known as the Local Bond Law

The act spans §§ 40A:2-1 to 40A:2-9 (70 sections).

L.1960, c. 169, s. 1, eff

The annual debt statement shall be in form prescribed by the director and shall set forth as to the local unit:

a. Gross debt;

b. Deductions;

c. Net debt;

d. The equalized valuations of the taxable real estate, together with improvements, for the last 3 preceding fiscal years, and the average thereof;

e. Net debt expressed as a percentage of such average of equalized valuations; and

f. Any other information or detail required by law or by the director. The amount of any item which is indefinite or unascertainable may be estimated.

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.