N.J.S.A. 40A:4-65

Application of proceeds

40A:4-65. Application of proceeds The proceeds of the sale of tax anticipation notes, unless used to pay outstanding notes issued in anticipation of the collection of taxes of the same fiscal year, shall be applied only to purposes provided for in the budget or for which taxes are levied or to be levied for such year, and shall not be applied to any other purpose. 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:4-65, 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:4-65 — Application of proceeds | Kyzer