New Jersey · Through P.L.2025, c.405, and J.R.22 · Newer source version available

N.J. Stat. § 52:27-39: Reduction in principal of outstanding notes or bonds prohibited

Where this section sits in the code

TITLE 52 STATE GOVERNMENT, DEPARTMENTS AND OFFICERS

Notwithstanding any provisions of this article the commission shall not approve any adjustment or composition, or plan presented pursuant to this article, which provides for the reduction in the principal amount of any outstanding notes or bonds of the municipality.

Collected 2026-08-27T17:54:13Z. Source file · JSON

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