State Codes and Statutes

Statutes > New-jersey > Title-40 > Section-40-68a > 40-68a-46

40:68A-46.  Sale of bonds;  interest
    Bonds of a municipal port authority may be sold by the municipal port authority at public or private sale at such price or prices as the municipal port authority shall determine;  provided, however, that the interest cost to maturity of the money received for any issue of bonds (computed according to standard tables of bond values) shall not exceed 6% per annum.

     L.1960, c. 192, p. 819, s. 18, eff. Feb. 15, 1961.