New Jersey Statutes 52:27D-482. Bonds, notes considered general obligations
Terms Used In New Jersey Statutes 52:27D-482
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
a. pledge of eligible revenues and any other revenues derived from leases, sales agreements, service contracts or similar contractual arrangements with one or more persons, firms, partnerships or corporations, whether or not the same relate to the project or part thereof financed with the bonds or notes;
b. pledge of grants, subsidies, contributions or other payments to be received from the United States of America or any instrumentality thereof, or from any State, county or municipal governmental body or agency;
c. a first mortgage on all or any part of the property, real or personal, of the district agent then owned or thereafter to be acquired; or
d. pledge of any moneys, funds, accounts, securities and other funds, including the proceeds of the bonds or notes.
L.2001,c.310,s.34.