Summary -
New Jersey Gov. Phil Murphy signed into law legislation that restores property tax exemptions for nonprofit hospitals. However, the law requires New Jersey nonprofit hospitals to make a community service...more
The Supreme Court of the State of New Jersey upheld the New Jersey COVID-19 Emergency Bond Act (the Act), authorizing the State to issue up to $9.9 billion in state borrowing either through general obligation bonds or...more
8/14/2020
/ Appropriation ,
Bonds ,
Coronavirus/COVID-19 ,
Emergency Lending ,
Financial Crisis ,
Fiscal Year ,
Governor Murphy ,
Municipal Bonds ,
Municipal Liquidity Facility (MLF) ,
NJ Supreme Court ,
Public Finance ,
Public Financing ,
State and Local Government ,
State Constitutions
New Jersey Gov. Phil Murphy signed into law the New Jersey COVID-19 Emergency Bond Act (the “Act”) on July 16, 2020. The Act authorizes the issuance of New Jersey State bonds up to $9.9 billion to respond to financial issues...more