{"data":{"id":"us-nj/n.j.-stat.-40-3-1","jurisdiction":"us-nj","citation":"N.J. Stat. § 40:3-1","heading":"Definitions","body":"For the purposes of this chapter, bonds which are payable in installments in  successive years during at least three-quarters of the period covered by the  term of the whole issue, shall be known as  \"serial bonds\" .  All other bonds  shall be known as  \"term bonds\" .\nThe term  \"governing body\"  as used in this chapter means the board or body  having charge and control of the finances of the municipality, county or school  district.","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":"31f6b00ed860e567f3d0c5f250b327e36d28e87e53af5b7c42408ad359a6c31b","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-39-14-2","next":"us-nj/n.j.-stat.-40-3-2"},"notice":"GroundRules: Original legal text. Not legal advice."}