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New Jersey Statutes, Title: 40, MUNICIPALITIES AND COUNTIES
Chapter 60: Property of certain societies transferred in trust to municipality; purposes
Section: 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.
This section added to the Rutgers Database: 2012-09-26 13:37:52.
Older versions of 40:60-25.21 (if available):
Court decisions that cite this statute:
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