A496 — Requires public referendum prior to issuance of general obligation bonds by local units.

A496 — Requires public referendum prior to issuance of general obligation bonds by local units. · Informed CitizenryThe bill amends current statutory provisions of the Local Bond Law (N.J.S.40A:2-1 et seq.) and the Local Budget Law (N.J.S.40A:4-1 et seq.). It requires that before a local unit issues general obli…Open in Informed Citizenry