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New Jersey Statutes

§ 40:34A-3 — Limitation on period of usefulness

New Jersey·Title 40 MUNICIPALITIES AND COUNTIES
The period of usefulness of every off-street parking facility for any purpose under the local bond law, whether with respect to original acquisition or construction or subsequent reconstruction, enlargement, alteration, improvement, furnishing, or equipment shall be not greater than 30 years. L.1972, c. 83, s. 3, eff. July 10, 1972.

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Nearby Sections

9
§ 40:34A-1
Counties; authorizations; acquisition of property; construction of facility; raising money; issuance of debt obligations; operation of facility
§ 40:34A-2
Establishment as part of county's public parking system; municipal public utility of county
§ 40:34A-3
Limitation on period of usefulness
§ 40:34A-4
Exemption from taxes and special assessments
§ 40:34A-5
Municipalities; powers
§ 40:34A-6
Municipalities; authorization; validity and binding effect of obligations and pledges; use by county as security for its bonds or notes
§ 40:34A-7
Municipalities; cooperation with county; acquisition of property; provision of services
§ 40:34A-8
Authority of municipality to incur expense
§ 40:34A-9
Counties; authorization and power for agreements with other governmental agencies
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