N.J.S.A. 40A:10-7

Maximum and minimum amount of fund

40A:10-7. Maximum and minimum amount of fund The governing body of a local unit may designate the maximum or minimum amount of the fund, and from time to time provide for the disposition of any excess over and above the maximum amount fixed, or of the interest or profits arising therefrom when the fund shall have reached the maximum limit. L.1979, c. 230, s. 1, eff. Oct. 15, 1979.

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This is the verbatim text of N.J.S.A. 40A:10-7, 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.

N.J.S.A. 40A:10-7 — Maximum and minimum amount of fund | Kyzer