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New Jersey Statutes, Title: 40A, MUNICIPALITIES AND COUNTIES

    Chapter 2:

      Section: 40A:2-21: Minimum period of usefulness

           No local unit shall authorize obligations for any improvement or purpose having a period of usefulness of less than 5 years.

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:2-21 (if available):



Court decisions that cite this statute: CLICK HERE.