New Jersey Statutes 18A:72A-6. Expenses of authority
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Terms Used In New Jersey Statutes 18A:72A-6
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
All expenses incurred in carrying out the provisions of this chapter shall be payable from funds provided the authority therefor, and no liability or obligation shall be incurred by the authority hereunder beyond the extent to which moneys shall have been provided therefor.
L.1967, c.271.