{"data":{"id":"us-nj/n.j.-stat.-40-37b-18","jurisdiction":"us-nj","citation":"N.J. Stat. § 40:37B-18","heading":"Sale of bonds and notes","body":"Bonds and notes of an authority may be sold, as hereinafter provided, at public or private sale at such price or prices as the authority shall determine;  provided, however, that the interest cost to their average maturity  of the money received for any group of bonds sold in a single transaction  (computed according to standard tables of bond values) shall not exceed 6% per  annum.  No obligations shall be sold for less than par value and interest  accrued to date of delivery.\nL.1967, c. 136, s. 18, eff. June 28, 1967.","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":"b86a50b1c16ccac36aa72f5502ce60d4d4d1b9445b572d66c737a7416c7f33e9","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-40-37b-17","next":"us-nj/n.j.-stat.-40-37b-19"},"notice":"GroundRules: Original legal text. Not legal advice."}