The provisions of this act shall not be construed to prohibit any municipality from applying for authorization to issue qualified bonds pursuant to the terms of this act in connection with the construction, reconstruction, development, extension, improvement or acquisition of any capital improvement or property notwithstanding that the construction, reconstruction, development, extension, improvement or acquisition was authorized, approved or commenced prior to the effective date of this act.
N.J. Stat. Ann. § 40A:3-9
Application to projects commenced prior to effective date of act
Known as the Municipal Qualified Bond Act
The act spans §§ 40A:3-1 to 40A:3-9 (11 sections).
L.1976, c. 38, s. 8, eff
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.