New Jersey § 48:3-7.6 Balance of depreciation fund to be deposited within state

New Jersey Statutes

§ 48:3-7.6 — Balance of depreciation fund to be deposited within state

New Jersey § 48:3-7.6

Title 48PUBLIC UTILITIES

This text of New Jersey § 48:3-7.6 (Balance of depreciation fund to be deposited within state) 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. § 48:3-7.6 (2026).

Text

Every public utility shall deposit, and at all times keep deposited in its own name and to its own credit and in a banking or trust company located in this state, the balance of the depreciation fund of such public utility which is not invested in accordance herewith or expended in accordance with section 48:2-18 of this title. This provision shall apply to every depreciation fund whether accumulated before or after March twelfth, one thousand nine hundred and thirty-five.

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Every public utility shall deposit, and at all times keep deposited in its own name and to its own credit and in a banking or trust company located in this state, the balance of the depreciation fund of such public utility which is not invested in accordance herewith or expended in accordance with section 48:2-18 of this title. This provision shall apply to every depreciation fund whether accumulated before or after March twelfth, one thousand nine hundred and thirty-five.