Title 40, Title 40: MUNICIPALITIES AND COUNTIES

40:37C-13. Disposition of facilities after payment and retirement of bonds When the principal of and interest on bonds issued by an authority to finance the cost of a particular pollution control facility, including any refunding bonds issued to refund and refinance such bonds, h…

40:37C-14. Independence of authority Except as herein provided, no proceedings, referendum, notice or approval shall be required for the creation of an authority or the issuance of any bonds or any instrument as security therefor, provided however, that nothing herein shall be co…

40:37C-15. Legal investments; security for public deposits The State and all public officers, municipal corporations, political subdivisions, and public bodies, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan a…

40:37C-16. Powers conferred by act as additional and supplementary The powers conferred by this act shall be in addition and supplementary to those in other laws and the limitations by this act shall not affect the powers conferred by any other law. L.1973, c. 376, s. 16, eff. Ja…

40:37C-17. Severability The provisions of this act shall be severable, and if any of the provisions hereunder shall be held to be unconstitutional or otherwise invalid, such decision shall not affect the validity of any of the remaining provisions of this act. L.1973, c. 376, s. …

40:37C-18. Annual audit of accounts; filing It shall be the duty of every authority created pursuant to this act to cause an annual audit of the accounts of the authority to be made and filed with the authority, and for this purpose the authority shall employ a registered municip…

40:37C-2. Legislative findings and declaration The Legislature hereby finds and declares that there is an urgent need to protect and enhance the quality of the natural environment; that to reduce, abate and prevent environmental pollution, quality standards have been and will be …

40:37C-3. Definitions In this act, unless the context otherwise clearly requires, the terms used herein shall have the meanings ascribed to them as follows: "Act" means this New Jersey Pollution Control Financing Law. "Authority" means a pollution control financing authority crea…

40:37C-4. Industrial pollution control financing authority; purposes; creation by counties; approval; dissolution; filing of resolutions; members; organization a. Any county may create an authority under the provisions of this act which shall be a public body corporate and politi…

40:37C-5. Powers The authority shall have the following powers together with all powers incidental thereto or necessary for the performance thereof: a. To have perpetual succession as a public body corporate and politic; b. to adopt bylaws for the regulation of its affairs and th…

40:37C-6. Sale or lease of facilities; minimum amount of payments or rentals Any sale or lease of pollution control facilities entered into pursuant to the provisions of this act shall provide for payments or rentals adequate to pay the principal of and interest and premiums, if …

40:37C-7. Inapplicability of chapters 32 to 36 of Title 52 No authority shall be subject to the provisions of chapters 32 to 36, inclusive, of Title 52 of the Revised Statutes in the exercise of any of its powers under this act. L.1973, c. 376, s. 7, eff. Jan. 9, 1974. Amended by…

40:37C-8. Bonds; issuance; redemption; terms; sale; refunding bonds All bonds issued by an authority may be issued as serial bonds or as term bonds or a combination of both types. Such bonds shall be payable solely out of the revenues and receipts derived from the leasing or sale…

40:37C-9. Security for principal, interest and premiums The principal of and interest and premiums, if any, on any bonds issued by an authority shall be secured by a mortgage or pledge of the revenues and receipts out of which the same shall be made payable and may be secured by …