A1640 — Eliminates five percent down payment requirement for bond ordinances approved by counties and municipalities.

A1640 — Eliminates five percent down payment requirement for bond ordinances approved by counties and municipalities. · Informed CitizenryThis bill amends N.J.S.40A:2-11 to change the requirement for counties and municipalities to provide a down payment when issuing local bonds. Currently, bond ordinances typically require a down pay…Open in Informed Citizenry