New Jersey § 40A:4-28 Miscellaneous revenues;  sinking fund surplus

New Jersey Statutes

§ 40A:4-28 — Miscellaneous revenues; sinking fund surplus

New Jersey § 40A:4-28

Title 40AMUNICIPALITIES AND COUNTIES

This text of New Jersey § 40A:4-28 (Miscellaneous revenues; sinking fund surplus) 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:4-28 (2026).

Text

Whenever the sinking funds to the credit of the several issues of term bonds of a local unit equal the principal of such issues and there is a cash surplus in the sinking fund, such surplus may, upon written application by the sinking fund commission and the approval of the director, be used, in whole or in part, as an anticipated miscellaneous revenue in the budget of such local unit. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.

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Whenever the sinking funds to the credit of the several issues of term bonds of a local unit equal the principal of such issues and there is a cash surplus in the sinking fund, such surplus may, upon written application by the sinking fund commission and the approval of the director, be used, in whole or in part, as an anticipated miscellaneous revenue in the budget of such local unit. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.