N.J.S.A. 40A:2-21

Minimum period of usefulness

40A:2-21. Minimum period of usefulness No local unit shall authorize obligations for any improvement or purpose having a period of usefulness of less than 5 years. L.1960, c. 169, s. 1, eff. Jan. 1, 1962.

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This is the verbatim text of N.J.S.A. 40A:2-21, 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.