New Jersey Statutes
§ 40:52-8 — Creation of fund
New Jersey § 40:52-8
JurisdictionNew Jersey
Title 40MUNICIPALITIES AND COUNTIES
This text of New Jersey § 40:52-8 (Creation of fund) 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. § 40:52-8 (2026).
Text
2.Every municipality adopting an ordinance or ordinances authorized by section 1 of P.L.1982, c.68 (C.40:52-7) shall create a fund, which shall be held by the commission created pursuant to section 3 of P.L.1982, c.68 (C.40:54C-1). The fund shall be the exclusive repository of all revenues collected by the municipality pursuant to the additional licensing assessment, and shall be audited by the municipality as part of the annual audit of its books, accounts and financial transactions made in accordance with N.J.S.40A:5-4. Revenues from the fund shall be disbursed to fulfill the purpose expressed in section 5 of P.L.1982, c.68 (C.40:54C-3), and are dedicated to that purpose exclusively. Any revenues received by the municipality on behalf of the commission shall be treated as a dedicated re
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Nearby Sections
15
§ 40:52-1
Power to license and regulate.§ 40:52-10
Licensing of rooming, boarding houses.§ 40:52-12
Application for license; fees§ 40:52-13
Conditions for licensure.§ 40:52-15
Issuance, renewal of license§ 40:52-16
Revocation, non-renewal of license.§ 40:52-17
Refusal to grant, renew license; appeal§ 40:52-2
License fees fixed; penaltiesCite This Page — Counsel Stack
Bluebook (online)
New Jersey § 40:52-8, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/40/40%3A52-8.