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New Jersey Statutes, Title: 40A, MUNICIPALITIES AND COUNTIES
Chapter 7: Law applicable in annexed territory
Section: 40A:7-5: Committee to ascertain and report amount of indebtedness paid by annexing county
At the meeting the committee shall proceed to ascertain a. the entire amount of the indebtedness of the county from which the annexed territory is taken; b. the amount of money in the treasury of the county applicable to the payment thereof; c. the amount of uncollected taxes and other claims due the county which are deemed to be collectible; d. such other information as shall be necessary to enable the committee to make a just and equitable division of the indebtedness and assets between the counties.
The committee shall thereupon ascertain the amount of the indebtedness of the county from which the annexed territory is taken that should be paid by the county to which the territory is annexed, and how much of the taxes and claims due the county from which the territory is taken should be paid over to the county to which the territory is annexed, and when the payment should be made.
L.1979, c. 181, s. 2, eff. Aug. 29, 1979.
This section added to the Rutgers Database: 2012-09-26 13:37:52.
Older versions of 40a:7-5 (if available):
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