N.J. Stat. § 40:68A-46
Current through L. 2023, c. 320.
Bonds of a municipal port authority may be sold by the municipal port authority at public or private sale at such price or prices as the municipal port authority shall determine; provided, however, that the interest cost to maturity of the money received for any issue of bonds (computed according to standard tables of bond values) shall not exceed 6% per annum.
N.J.S. § 40:68A-46