New Jersey Statutes 40A:27-21. Continuation of county and municipal obligations
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Terms Used In New Jersey Statutes 40A:27-21
- 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.
Any debt, liability or obligation incurred by any county or municipality pursuant to any section of law which is repealed pursuant to this act shall not in any manner be diminished by the provisions of this act.
L. 1987, c. 179, s. 1.