| PREVIOUS SECTION | Go back to sections | Go back to the chapter | Go back to the N.J. Statutes homepage | NEXT SECTION |
New Jersey Statutes, Title: 40A, MUNICIPALITIES AND COUNTIES
Chapter 4:
Section: 40A:4-63: Money in separate funds treated as trust funds
Moneys held in any separate fund shall be treated by the officers of the local unit as moneys held in trust for the purpose for which such separate fund was created, and no banking institution accepting any such fund as provided for in this chapter shall divert the moneys to any other purpose.
L.1960, c. 169, s. 1, eff. Jan. 1, 1962.
This section added to the Rutgers Database: 2012-09-26 13:37:52.
Older versions of 40a:4-63 (if available):
Court decisions that cite this statute:
CLICK HERE.