New Jersey Revised Statutes § 27:25a-39 - State May Require Authority To Redeem, Pay Bonds Or Notes

27:25A-39. State may require authority to redeem, pay bonds or notes
39. The State shall have the right, upon furnishing the authority with sufficient funds therefor, to require the authority to redeem, pay or cause to be paid, at or prior to maturity, in whole or in part, any bonds or notes issued by the authority under this act, provided that the redemption or payment shall be made in accordance with the provisions of any contract entered into by the authority with the holders of the bonds or notes.


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Last modified: October 11, 2016