N.J. Stat. § 49:2B-17
Maturities
New Jersey · New Jersey Statutes Title 49 — Sale of Securities · Status: effective
Cite this
- Citation
- N.J. Stat. § 49:2B-17, Maturities, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1476827
- Permanent ID
ys:prov:1476827@1- SHA-256
58106065b919e35e79b976f64ba9dc5d3f25c64bb3702911185ff19d12152549
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
17. Each series of refunding bonds shall mature, including any sinking fund redemptions, at those times not later than five years following the latest scheduled maturity date, determined without regard to any redemptions prior thereto, of any of the outstanding bonds to be refunded thereby, but in no event later than 35 years following the date of issuance of the refunding bonds, and in those amounts as the issuing officials shall determine in accordance with the provisions of this act. The issuing officials may reserve to the State by appropriate provision in the refunding bonds of any series the power to redeem all or any of those bonds prior to maturity at prices and upon such terms and conditions as may be provided in those bonds.