What triggers the effective date of a bond ordinance?

The effective date of a bond ordinance is triggered by the publication of the adoption in an official newspaper. This step is critical because it ensures that the community is made aware of the ordinance that has been adopted. In New Jersey, the law requires that certain municipal actions, including bond ordinances, must be published to inform the public and allow for transparency in governmental processes.

This publication acts as a formal notification and is important for legal and procedural integrity. It provides citizens with an opportunity to become informed about the ordinance and any implications it may have for the municipality and its finances.

The other options do play significant roles in the legislative process or project execution but do not directly indicate when a bond ordinance becomes effective. A public hearing, for instance, is an important step to gather community input, but the ordinance isn't effective until it has been published. Similarly, approval by the state or the completion of bidding processes may be necessary for implementation, but those actions do not establish the bond ordinance's effective date per legal standards.