Authorizes fire districts to issue certain bond anticipation notes for up to 10 years following initial note issuance.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill allows New Jersey fire districts to issue bond anticipation notes to finance capital projects. Currently, these notes are limited to a three-year term. This legislation would extend the term of these notes to a maximum of ten years following the initial note issuance, providing fire districts with more flexibility to fund larger or longer-term projects without needing to rely on traditional bond issuances or leases. The bill amends existing state law to reflect this expanded authority.
Bill text
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Document of record
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Sponsors
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1 on record
Primary sponsor
Anthony Bucco
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