Pledge of credit of state or municipality prohibited
32:3-13.57. Pledge of credit of state or municipality prohibited
Notwithstanding any provision of this act, the authority shall have no power to pledge the credit of the Commonwealth of Pennsylvania, or the credit of the State of New Jersey, or the credit of any county, city, borough, village, township or other municipality of said Commonwealth or of said State, or to create any debt of said Commonwealth or of said State or of such municipality.
L.1964, c. 276, s. 8.
This is the verbatim text of N.J.S.A. 32:3-13.57, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. KyzerLex is not a law firm and this page is not legal advice.