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New Jersey Statutes, Title: 40, MUNICIPALITIES AND COUNTIES

    Chapter 34a: Counties; authorizations; acquisition of property; construction of facility; raising money; issuance of debt obligations; operation of facility

      Section: 40:34a-3: Limitation on period of usefulness

           The period of usefulness of every off-street parking facility for any purpose under the local bond law, whether with respect to original acquisition or construction or subsequent reconstruction, enlargement, alteration, improvement, furnishing, or equipment shall be not greater than 30 years.

L.1972, c. 83, s. 3, eff. July 10, 1972.



This section added to the Rutgers Database: 2012-09-26 13:37:51.






Older versions of 40:34a-3 (if available):



Court decisions that cite this statute: CLICK HERE.