N.J.S.A. 40A:2-32 now allows true interest cost as the basis for bond sale awards, and true interest cost calculates the present value of the bid and requires a computer program to compare proposals.

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Prepare for the Rutgers Municipal Capital and Trust Fund Accounting Test. Use our study guide with flashcards and multiple choice questions. Each question provides hints and explanations for clearer understanding. Ensure your success on the test with our comprehensive resources!

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N.J.S.A. 40A:2-32 now allows true interest cost as the basis for bond sale awards, and true interest cost calculates the present value of the bid and requires a computer program to compare proposals.

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