New Jersey § 40:54-19.1 Loan of funds received as gift or bequest

New Jersey Statutes

§ 40:54-19.1 — Loan of funds received as gift or bequest

New Jersey § 40:54-19.1

Title 40MUNICIPALITIES AND COUNTIES

This text of New Jersey § 40:54-19.1 (Loan of funds received as gift or bequest) 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. § 40:54-19.1 (2026).

Text

The board of trustees of the free public library may, upon the application of the governing body of the municipality, loan, upon "tax anticipation notes" or "bond anticipation notes" of the municipality, any funds heretofore or hereafter received, either by the board of trustees of the free public library or by the governing body, as a gift or bequest for free public library purposes and being held and managed by the board of trustees, or subject to their direction pursuant to the provisions of article one of chapter fifty-four of Title 40 of the Revised Statutes, pending the use thereof for the purposes for which the gift or bequest was made. L.1941, c. 67, p. 152, s.

1.Amended by L.1942, c. 139, p. 429, s. 1, eff. May 6, 1942.

Free access — add to your briefcase to read the full text and ask questions with AI

The board of trustees of the free public library may, upon the application of the governing body of the municipality, loan, upon "tax anticipation notes" or "bond anticipation notes" of the municipality, any funds heretofore or hereafter received, either by the board of trustees of the free public library or by the governing body, as a gift or bequest for free public library purposes and being held and managed by the board of trustees, or subject to their direction pursuant to the provisions of article one of chapter fifty-four of Title 40 of the Revised Statutes, pending the use thereof for the purposes for which the gift or bequest was made. L.1941, c. 67, p. 152, s. 1. Amended by L.1942, c. 139, p. 429, s. 1, eff. May 6, 1942.