New Jersey Statutes
§ 40A:4-63 — Money in separate funds treated as trust funds
New Jersey·Title 40A MUNICIPALITIES AND COUNTIES
Moneys held in any separate fund shall be treated by the officers of the local unit as moneys held in trust for the purpose for which such separate fund was created, and no banking institution accepting any such fund as provided for in this chapter shall divert the moneys to any other purpose. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
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Nearby Sections
15
§ 40A:4-1
Short title§ 40A:4-10
Adoption of budget; public inspection.§ 40A:4-11
Budget to be transmitted to county board§ 40A:4-14
School items; separate certification§ 40A:4-15
Late approval of budget§ 40A:4-18
Table of aggregates for late budgets§ 40A:4-19
Temporary appropriations§ 40A:4-2
Definitions§ 40A:4-20
Emergency temporary appropriations