New Jersey § 40A:2-46 Self-liquidating purposes during construction

New Jersey Statutes

§ 40A:2-46 — Self-liquidating purposes during construction

New Jersey § 40A:2-46

Title 40AMUNICIPALITIES AND COUNTIES

This text of New Jersey § 40A:2-46 (Self-liquidating purposes during construction) 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. § 40A:2-46 (2026).

Text

Any municipal public utility shall be deemed to be self-liquidating during the period of construction or acquisition and until it shall have been in operation for at least 1 fiscal year if the local government board or, in the case of a project consisting of acquisition of land areas needed for a redevelopment housing project, the Division of Planning and Development in the Department of Conservation and Economic Development shall have determined by order on the basis of a project report that the said municipal public utility will have an income sufficient to make it a self-liquidating purpose. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.

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Any municipal public utility shall be deemed to be self-liquidating during the period of construction or acquisition and until it shall have been in operation for at least 1 fiscal year if the local government board or, in the case of a project consisting of acquisition of land areas needed for a redevelopment housing project, the Division of Planning and Development in the Department of Conservation and Economic Development shall have determined by order on the basis of a project report that the said municipal public utility will have an income sufficient to make it a self-liquidating purpose. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.