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The State of New Jersey funds improvements to its infrastructure through the issuance of bonds that are available for purchase by the public. The State and its Independent Authorities have a variety of financing programs for transportation, schools and State facilities which will be described on this web site at the time bonds are being issued. Other bonds not backed by the State may also be issued by Independent Authorities. You may find links to information on those bonds below.
For residents of New Jersey, these bonds are usually exempt from federal and state income tax.
Neither the State nor its Independent Authorities sell bonds directly to the public. Bonds are sold through registered
broker-dealers (please see “How Do I Purchase Bonds?” and “Frequently Asked Questions” for more information).
Before purchasing a New Jersey bond, potential investors should read the Preliminary Official Statement. To obtain a Preliminary Official Statement, please contact your broker. See "Transaction Overviews" or "Contact Us" for more information.
Additionally, please take a few seconds to complete this brief survey. It will help us to better inform the public about upcoming bond sales.
New Jersey General Obligation Bonds:
General Obligation bonds are issued by the State of New Jersey and are direct obligations of the State backed by the State's faith and credit. The issuance of General Obligation bonds is authorized by voters at a general election. See “Frequently Asked Questions – What is a New Jersey General Obligation (GO) bond?” for more information.
Before purchasing a General Obligation bond, potential investors should read the Preliminary Official Statement prepared by the State, which includes information on the State’s finances.
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No information regarding any bond offering is available on this website at this time |
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New Jersey Appropriation-Backed Bonds:
Certain Independent Authorities of the State of New Jersey may issue Appropriation-Backed bonds that are secured by payments made by the State to the Independent Authority pursuant to a contract, lease or other obligation. Appropriation-Backed bonds do not constitute a debt or liability of the State or any other political subdivision thereof. Debt service payments on Appropriation-Backed bonds are not general obligations of the State and are subject to annual appropriation by the State Legislature. The State Legislature has no legal obligation to make any such appropriations. See “Frequently Asked Questions – What is a New Jersey Appropriation-Backed bond?” for more information.
Before purchasing an Appropriation-Backed bond, potential investors should read the Preliminary Official Statement, which includes information on the State’s finances.
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No information regarding any bond offering is available on this website at this time |
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New Jersey Independent Authority Moral Obligation Bonds:
Certain Independent Authorities of the State of New Jersey may issue bonds, known as Moral Obligation bonds, that are primarily secured by payments or revenues received by the Independent Authority. These bonds are further supported by legislation that authorizes the State to replenish the debt service reserve fund relating to the bonds to the extent it is used to pay debt service, such replenishment is subject to appropriation by the State Legislature. See “Frequently Asked Questions – What is a New Jersey Independent Authority Moral Obligation bond?” for more information.
Before purchasing a Moral Obligation bond, potential investors should read the Preliminary Official Statement prepared by the Independent Authority, which includes information on the specific bonds being offered.
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No information regarding any bond offering is available on this website at this time |
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New Jersey Independent Authority Non State-Backed Bonds:
Certain Independent Authorities of the State of New Jersey also may issue bonds that are not secured by payments made by the State. See “Frequently Asked Questions – What is a New Jersey Independent Authority Non State-Backed bond?” for more information.
Before purchasing such a bond of an Independent Authority, potential investors should read the Preliminary Official Statement prepared by the Independent Authority, which includes information on the specific bonds being offered.
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No information regarding any bond offering is available on this website at this time |
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