New Jersey Statutes
§ App.A:4-31.5 — Budget provision for payment of outstanding notes
New Jersey § App.A:4-31.5
This text of New Jersey § App.A:4-31.5 (Budget provision for payment of outstanding notes) 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. § App.A:4-31.5 (2026).
Text
5.Notwithstanding any provision to the contrary in section four of this act, there shall be included in each budget or tax ordinance of any municipality an appropriation for the payment of any notes issued under this act outstanding at the time of the submission of such budget in an amount not less than the amount, if any, by which the sum of the principal amount of such notes and the amount of all moneys previously received since the beginning of the year of issuance in payment of special taxes whether levied before or after the year of issuance, exceeds eighty per cent (80%) of the total amount of such special taxes which may have been levied and payable in any preceding fiscal year since the beginning of the year of issuance. (L.1935, c. 199, s. 5, p. 480.)
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Nearby Sections
15
§ App.A:4-10
Local approval of reclamation project§ App.A:4-11
Application of act§ App.A:4-12
Effective date§ App.A:4-12.2
Refund to municipalities§ App.A:4-12.3
Effective date§ App.A:4-13
Disposition of water system revenues to meet bonds issued pursuant to contract with federal government§ App.A:4-14
Effective date§ App.A:4-19
Power to issue bonds; purposes§ App.A:4-20
Name of bonds; ordinance; procedure; details§ App.A:4-22
Provisions of ordinance§ App.A:4-23
Sale price; exchange or sale of bonds§ App.A:4-25
Budget provisionsCite This Page — Counsel Stack
Bluebook (online)
New Jersey § App.A:4-31.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/App.A%3A4-31.5.