New Jersey Statutes
§ 40:61-22.5 — Use of proceeds of sale or lease
New Jersey § 40:61-22.5
JurisdictionNew Jersey
Title 40MUNICIPALITIES AND COUNTIES
This text of New Jersey § 40:61-22.5 (Use of proceeds of sale or lease) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.J. Stat. Ann. § 40:61-22.5 (2026).
Text
The proceeds of the sale or leasing of any property under this act shall be used for the retiring of any bonds issued for the purchase or improvement of such property or to reduce taxes. L.1938, c. 87, p. 206, s. 4, eff. April 4, 1938.
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Nearby Sections
15
§ 40:61-17
Recreation commission; creation§ 40:61-18
Commissioners; term and compensation§ 40:61-19
Recreation commissioners; powers§ 40:61-20
Bond issue; state and federal aid§ 40:61-22
Rules and regulations; quorumCite This Page — Counsel Stack
Bluebook (online)
New Jersey § 40:61-22.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/40%3A61-22.5.