Eliminates five percent down payment requirement for bond ordinances approved by counties and municipalities.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill would eliminate the requirement for counties and municipalities in New Jersey to put down at least five percent of the value of a bond when issuing a bond ordinance. Currently, this down payment is often required for bond ordinances to be adopted, but this legislation would remove this restriction, freeing up local resources for other priorities.
Bill text
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1 on record
Primary sponsor
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