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New Jersey Statutes, Title: 40A, MUNICIPALITIES AND COUNTIES
Chapter 10: Power to insure
Section: 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.
This section added to the Rutgers Database: 2012-09-26 13:37:52.
Older versions of 40a:10-7 (if available):
Court decisions that cite this statute:
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