Definitions

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40A:10-38.2. Definitions

2. As used in this act:

a. "Bond" means bonds and other obligations, such as letters of credit, authorized and issued by a joint insurance fund.

b. "Bond resolution" means a resolution adopted by a joint insurance fund describing the bonds to be authorized and issued and the bonds or indebtedness to be funded or refunded.

c. "Joint insurance fund" or "fund" means a joint insurance fund created pursuant to subsection b. of section 1 of P.L.1983, c.372 (C.40A:10-36).

L.1993,c.269,s.2.


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