N.J.S.A. 40:60-25.21

Revenue from plant operations; dedicated funds

40:60-25.21. Revenue from plant operations; dedicated funds All rents and other revenues derived from the operation of any portion of the property shall be paid to the municipality, shall be deposited in such bank or banks as such governing body shall determine, shall be set apart as a special fund and shall constitute dedicated revenues for the purposes of the annual budget of the municipality. L.1946, c. 245, p. 864, s. 4.

External source: View on Justia →

This is the verbatim text of N.J.S.A. 40:60-25.21, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.