Title 40A, Title 40A: MUNICIPALITIES AND COUNTIES

40A:67-13 Authority, bond resolution, securing payment of bonds, power to covenant. 13. A bond resolution of an authority providing for or authorizing the issuance of bonds may contain provisions, and the authority shall, in order to secure the payment of the bonds in addition to…

40A:67-14 Bond resolution, holders of series, entitled to benefits, event of default, appointing a representing trustee. 14. a. If the bond resolution of an authority authorizing or providing for the issuance of a series of its bonds provides that the bond holders of the series a…

40A:67-15 Bond resolution, trustee, entitled, appointment of a receiver of assets, rights. 15. If the bond resolution of an authority authorizing or providing for the issuance of a series of its bonds provides that the bond holders of the series are entitled to the benefits of se…

40A:67-16 Authority property, exempt from levy, sale. 16. All property of an authority shall be exempt from levy and sale by virtue of an execution of a court of competent jurisdiction and no execution or other judicial process shall issue against an authority nor shall any judgm…

40A:67-17 Legally investing sinking funds, bonds of authority, security for public deposits. 17. Notwithstanding the provisions of any law to the contrary, the State and all public officers, municipalities, counties, political subdivisions of public bodies, and agencies thereof, …

40A:67-18 Regional rehabilitation, reentry center, satellite facilities, public property. 18. The center, any satellite facilities, and any associated property or projects owned by an authority, including any pro rata share of any property that is owned by an authority in conjunc…

40A:67-19 State to pledge, covenant, agree, holders of bonds, bond resolution, authority, not to limit, alter rights vested. 19. The State of New Jersey shall pledge to and covenant and agree with the holders of any bonds issued pursuant to a bond resolution of the authority, tha…

40A:67-2 Definitions. 2. As used in P.L.2023, c.346 (C.40A:67-1 et seq.): "Authority" means a regional rehabilitation and reentry center authority established pursuant to section 3 of P.L.2023, c.346 (C.40A:67-3). "Bonds" means any bonds, interim certificates, notes, debentures, …

40A:67-20 Banking business, authorized, sufficient undertaking, sureties. 20. All banks, bankers, trust companies, savings banks, investment companies, and other persons carrying on a banking business shall be authorized to give to an authority a sufficient undertaking with those…

40A:67-21 Annual audit. 21. An authority shall conduct an annual audit of its accounts pursuant to section 15 of P.L.1983, c.313 (C.40A:5A-15), and for this purpose shall employ a certified public accountant or a registered municipal accountant, licensed pursuant to the laws of t…

40A:67-22 Bond resolution adopted, copies, file with Director, Division of Local Government Services. 22. The authority shall file a copy of each bond resolution adopted by it with the Director of the Division of Local Government Services in the Department of Community Affairs, t…

40A:67-23 Scope of act, negotiation. 23. Anything not considered in P.L.2023, c.346 (C.40A:67-1 et seq.) but necessary for the operation of the authority shall be negotiated in the agreement between the authority and the participating counties. L.2023, c.346, s.23.

40A:67-3 County governing bodies, regional rehabilitation, reentry center, authority. 3. a. Two or more county governing bodies, may, by adoption of parallel ordinances or resolutions, as appropriate, establish a regional rehabilitation and reentry center authority to develop, co…

40A:67-4 Inter-county agreement, regional rehabilitation, reentry center. 4. An inter-county agreement made pursuant to section 3 of P.L.2023, c.346 (C.40A:67-3) shall provide: a. the name and purpose of the authority and the functions and services to be provided by the authority…

40A:67-5 Officer, employee, not to acquire interest, regional rehabilitation, reentry center. 5. An officer or employee of an authority shall not have or acquire an interest, direct or indirect, in property, a contract, or a proposed contract for materials, services, or supplies …

40A:67-6 Regional rehabilitation, reentry center, authority, public body politic, corporate. 6. An authority shall be a public body politic and corporate, established as an instrumentality exercising public and essential governmental functions to provide for the public health and…

40A:67-7 Regional rehabilitation, reentry center construction, authority, issuance of bonds. 7. a. In order to construct and operate the center, the authority shall have the power to authorize or provide for the issuance of bonds pursuant to P.L.2023, c.346 (C.40A:67-1 et seq.) f…

40A:67-8 Bond resolution adoption, management committee, powers. 8. Upon adoption of a bond resolution, the board of authority commissioners, on behalf of the authority, shall have power to incur indebtedness, borrow money, and issue bonds for the purpose of financing the constru…

40A:67-9 Authority, selling of bonds. 9. An authority may sell bonds at public or private sale, and at a price or prices the authority shall determine subject to the provisions of the "Local Authorities Fiscal Control Law," P.L.1983, c.313 (C.40A:5A-1 et seq.). L.2023, c.346, s.9…