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A5268

Requires public referendum prior to issuance of general obligation bonds by local units.

Introduced·6/15/26
Introduced Text

New Jersey A5268 requires a public referendum before local units can issue general obligation bonds.

New Jersey A5268 amends the "Local Bond Law" and "Local Budget Law" to require a public referendum before local units can issue general obligation bonds. The bond ordinance must be submitted to voters at the next general election, at least 70 days after its final adoption by the local governing body. Approval requires a majority vote from legally qualified voters.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
State and Local Government Committee
Next
Committee decision

Sponsors

0
2
RR
Democratic CaucusRepublican Caucus

History

Jun 15

Assembly

Introduced, Referred to Assembly State and Local Government Committee