New Jersey Statutes 40:37A-81. Pledge or assignment of lease or other agreement to secure bonds of authority
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Terms Used In New Jersey Statutes 40:37A-81
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Any lease or other agreement, and any instruments making or evidencing the same, may be pledged or assigned by the authority to secure its bonds and thereafter may not be modified except as provided by the terms of such instrument or by the terms of such pledge or assignment.
L.1960, c. 183, p. 756, s. 38, eff. Jan. 18, 1961.