New Jersey Statutes
§ 27:13-6 — Investment of moneys in special State aid road fund account; availability
New Jersey·Title 27 HIGHWAYS
As soon as can be after the effective date of this act and annually thereafter, the State Highway Commissioner shall determine the amount of money which shall be placed in said special State aid road fund account and shall advise the State Treasurer of said action, so that the State Treasurer may set up said special account. If, in the opinion of the State Treasurer and the State Highway Commissioner, the best interests of the State will permit, the State Treasurer may invest and reinvest such moneys in short term obligations of the United States. Any interest accruing from the investment of such funds shall be credited to the General State Fund. Upon application of any county or municipality for which funds are held in the said special State aid road fund account and with the approval of
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Nearby Sections
15
§ 27:13-1.2
Annual budget; amount§ 27:13-1.3
Certification of amount by commissioner§ 27:13-11
Application for assistance§ 27:13-12
Contents of application§ 27:13-14
Certification of funds§ 27:13-15
Supervision and control of work§ 27:13-17
Rules and regulations by commissioner