{"data":{"id":"us-nj/n.j.-stat.-54-5-113.3","jurisdiction":"us-nj","citation":"N.J. Stat. § 54:5-113.3","heading":"Bond, note, obligation deemed asset of municipality","body":"3.   To the extent of its value, the bond, note or other obligation referred to in section 2 of P.L.1993, c.113 (C.54:5-113.1) shall be deemed an asset of the municipality and, as such, be available to the municipality for appropriate use, including sale, publicly or privately, as approved by a vote of two-thirds of the full governing body of the municipality.\nL.1993,c.325,s.3.","path":["TITLE 54 TAXATION"],"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":"fc64906d193ceca4051aa5445fa3357675644d3741352aa8707f4451cbf847e5","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-54-5-113.2","next":"us-nj/n.j.-stat.-54-5-113.4"},"notice":"GroundRules: Original legal text. Not legal advice."}