New Jersey ACR91 amends the State Constitution to prohibit using bonds to balance the State budget.

New Jersey ACR91 proposes an amendment to the State Constitution to prohibit the State from using borrowed funds to balance the State budget. It prohibits proceeds from the sale of bonds from being used as revenue to pay for State budget appropriations, except for new capital projects not previously enacted. It also prohibits bonds from being sold to fund any project previously paid for in an annual State budget or through any previous appropriation supplementing the State budget.

New Jersey ACR91 amends the State Constitution to prohibit using bonds to balance the State budget.

New Jersey ACR91 proposes an amendment to the State Constitution to prohibit the State from using borrowed funds to balance the State budget. It prohibits proceeds from the sale of bonds from being used as revenue to pay for State budget appropriations, except for new capital projects not previously enacted. It also prohibits bonds from being sold to fund any project previously paid for in an annual State budget or through any previous appropriation supplementing the State budget.