New Jersey Statutes 34:1B-206. Bonds not considered debt, liability of State
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Terms Used In New Jersey Statutes 34:1B-206
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
17. Bonds issued by the New Jersey Economic Development Authority or other State entity for the purposes as provided in section 16 of P.L.2007, c.30 (C. 34:1B-205) shall not be a debt or liability of the State or any agency or instrumentality thereof, except as otherwise provided by section 16 of P.L.2007, c.30 (C. 34:1B-205), either legal, moral or otherwise.
L.2007, c.30,s.17.