New Jersey Acts Saved from Repeal ACTS SAVED 27 § 11-7(1)

1. Bonds of the state of New Jersey are hereby authorized in principal amount not exceeding forty million dollars, for the purpose of paying the cost of constructing, improving, reconstructing and rebuilding the state highway system, as now authorized by law, or portions thereof, including bridges thereon which are a part thereof. Said bonds shall be known as state highway bonds, and shall be payable in not to exceed fifteen years from date of issue for such portion as may be issued for constructing, improving, reconstructing and rebuilding of highways, and not to exceed thirty years for such portion as may be issued for the constructing, improving, reconstructing and rebuilding of bridges on said highways, but may be issued in whole or in part for a shorter term, as the issuing officials may determine.