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

    Chapter 5:

      Section: 40A:5-15: Deposit of funds paid to the local unit

           All moneys, including moneys collected by taxation, received from any source by or on behalf of any local unit or any board or department thereof shall, within 48 hours after the receipt thereof, either

a. be paid to the officer charged with the custody of the general funds of the local unit, who shall deposit all such funds within 48 hours after the receipt thereof to the credit of the local unit in its designated legal depository, or

b. be deposited to the credit of the local unit in its designated legal depository.

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:5-15 (if available):



Court decisions that cite this statute: CLICK HERE.