{"data":{"id":"us-nj/n.j.-stat.-40-14b-25","jurisdiction":"us-nj","citation":"N.J. Stat. § 40:14B-25","heading":"Bond resolution","body":"For the purpose of raising funds to pay the cost of any part of its utility  system or for the purpose of funding or refunding any bonds, a municipal  authority shall have power to authorize or provide for the issuance of bonds  pursuant to this act.  Such municipal authority shall adopt a resolution (in  this act sometimes referred to as  \"bond resolution\" ) which shall\n(1) describe in brief and general terms sufficient for reasonable identification the utility system or part thereof (in this act sometimes called   \"project\" ) to be constructed or acquired, or describe the bonds which are to  be funded or refunded (if any);\n(2) state the cost or estimated cost of the project (if any);  and\n(3) provide for the issuance of the bonds in accordance with section 26 of this act.\nL.1957, c. 183, p. 653, s. 25, eff. Aug. 22, 1957.","path":["TITLE 40 MUNICIPALITIES AND COUNTIES"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"396e977dc1a4b1aec3ec308df5c020ce602fc2c453b1f392e205578a6e37ce29","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-40-14b-24","next":"us-nj/n.j.-stat.-40-14b-26"},"notice":"GroundRules: Original legal text. Not legal advice."}