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New Jersey Statutes, Title: 40, MUNICIPALITIES AND COUNTIES
Chapter 63: Sale or lease of municipal facilities to privately-owned utility; conditions
Section: 40:63-137: Provisions for payment in lieu of bond issue
The governing body or board having control of the finances of every such contracting municipality, in lieu of issuing the bonds of such municipality, may pay its proportion of the costs and expenses of any improvements or works jointly contracted for and made under this article, with money to be raised by taxation, after the making of the public improvements herein authorized have been determined upon and a joint contract made and entered into pursuant to the provisions of this article, or by paying the whole or a part of such indebtedness out of any moneys belonging to such contracting municipality not otherwise appropriated or required.
This section added to the Rutgers Database: 2012-09-26 13:37:52.
Older versions of 40:63-137 (if available):
Court decisions that cite this statute:
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