New Jersey Statutes 40:54D-44. Prior obligations unaffected
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Terms Used In New Jersey Statutes 40:54D-44
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
44. Nothing in this act shall be construed to in any way impair any obligation assumed by any municipality entered into prior to the effective date of this act.
L.1992,c.165,s.44.