New Jersey Municipalities And Counties Laws

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• New Jersey Municipalities And Counties Laws Section 40:3-1. Definitions
  For the purposes of this chapter, bonds which are payable in installments in successive years during at least three-quarters of the period covered by ...
• New Jersey Municipalities And Counties Laws Section 40:3-2. Contracts as to bonds, notes not impaired
  Nothing in this chapter shall be construed to require any sinking fund commission to do any act in violation of the contractual obligations of the ...
• New Jersey Municipalities And Counties Laws Section 40:3-3. When sinking fund commission to determine requirements
  In the event of the failure of the Director of the Division of Local Government in the State Department of Taxation and Finance to certify ...
• New Jersey Municipalities And Counties Laws Section 40:3-4. Sinking fund commissions; appointment, duties and powers
  The sinking fund commissions of the several municipalities, counties and school districts, created and established in accordance with the provisions of the act entitled " ...
• New Jersey Municipalities And Counties Laws Section 40:3-5. Commission to supersede all commissions; body corporate; disbursements; investments
  The organization of the sinking fund commission, as herein provided, shall be universally applicable and shall supersede all other sinking fund commissions whatsoever. The members ...
• New Jersey Municipalities And Counties Laws Section 40:3-6. Certain officers to act when commission not functioning
  Until the members of the sinking fund commission have been appointed and the organization of the commission has been perfected, the comptroller, or in municipalities ...
• New Jersey Municipalities And Counties Laws Section 40:3-7. Foreclosure of mortgages; municipal sinking fund for school district bonds
  Where the funds in the custody of any sinking fund commission superseded and terminated as provided in this chapter, are invested in mortgages upon real ...
• New Jersey Municipalities And Counties Laws Section 40:3-8. Commissioners not to receive compensation; bonds; secretary and assistants
  The members of the sinking fund commission shall receive no compensation, and shall give bond with corporate security to the municipality, county, or school district, ...
• New Jersey Municipalities And Counties Laws Section 40:3-9. Custodian of moneys and securities; investments; accounts
  The sinking fund commissioners shall have sole custody and control of all sinking fund moneys, securities, books, papers and records appertaining thereto. They shall deposit ...
• New Jersey Municipalities And Counties Laws Section 40:3-10. Sinking fund moneys; investment of
  Investment of sinking fund moneys shall be restricted to unlimited obligations issued by the United States of America, or bonds of the State of New ...
• New Jersey Municipalities And Counties Laws Section 40:3-11. Annual report; publication
  The sinking fund commission shall report annually, on or before January fifteenth, to the governing body of the municipality, county or school district fully and ...
• New Jersey Municipalities And Counties Laws Section 40:3-12. Accounts; how kept; classification of bonds; accretions; interest; losses
  The sinking fund commission shall cause to be kept a separate account for each issue of term bonds and under at least the following classifications: ...
• New Jersey Municipalities And Counties Laws Section 40:3-13. When commission may sell bonds of county, school district or municipality
  When any sinking fund commission shall purchase any bonds of the municipality, county or school district for which it is constituted, as the result of ...
• New Jersey Municipalities And Counties Laws Section 40:3-14. Bonds falling due; funds transmitted for payment
  At least three days previous to the time when any bonds shall fall due, for which there are funds to the credit of such bonds ...
• New Jersey Municipalities And Counties Laws Section 40:3-15. Commissioners may enforce payment to sinking fund of sums due
  The sinking fund commission shall have power and authority to demand and enforce by appropriate legal proceedings the appropriation, collection and payment to the sinking ...
• New Jersey Municipalities And Counties Laws Section 40:3-16. Annual sinking fund requirements; amortization basis
  The annual sinking fund requirements for the uncanceled bonds of any issue of term bonds issued by any municipality, county or school district, shall not ...
• New Jersey Municipalities And Counties Laws Section 40:3-17. Sinking fund requirements for year; how calculated
  The sinking fund commission of a municipality, county or school district (where a sinking fund commission exists only for such school district) shall calculate the ...
• New Jersey Municipalities And Counties Laws Section 40:3-18. When contributions to cease
  When the sinking fund of any issue of term bonds shall equal the amount of the uncanceled bonds of such issue, no further contributions shall ...
• New Jersey Municipalities And Counties Laws Section 40:3-19. Excess accumulations, to reduce requirements of sinking fund; deficiency
  When the accumulation of the sinking fund for any year shall be more than three and one-half per cent, then the amount in excess ...
• New Jersey Municipalities And Counties Laws Section 40:3-20. Outstanding term bonds tabulated; adjustment of excesses and deficits; surpluses
  If upon any tabulation heretofore made of outstanding term bonds and the calculation to determine whether the sinking fund for each issue is equal to ...
• New Jersey Municipalities And Counties Laws Section 40:3-21. Deficiency in sinking funds; how raised
  In order to bring the sinking fund for each issue of term bonds up to the proper amortization basis, the deficiency as shown by the ...
• New Jersey Municipalities And Counties Laws Section 40:3-22. Special sinking fund requirements additional to annual requirements
  The special sinking fund requirements, as provided in section 40:3-21 of this title shall not take the place of the proper annual sinking ...
• New Jersey Municipalities And Counties Laws Section 40:3-23. Special sinking fund; distribution of
  The special sinking fund shall be held intact, as such, until it shall have accumulated an amount sufficient to create or equalize the sinking fund ...
• New Jersey Municipalities And Counties Laws Section 40:3-24. Interest on surplus; use of
  The surplus in the sinking fund of any municipality, county or school district, as provided in section 40:3-20 of this Title, shall be ...
• New Jersey Municipalities And Counties Laws Section 40:5-2 Contributions to first aid, ambulance and rescue squads.
  40:5-2. Any county or municipality may make a voluntary contribution of not more than $70,000 annually to any duly incorporated first aid ...
• New Jersey Municipalities And Counties Laws Section 40:5-2.1. General conflagration; appropriations to relieve loss from
  Whenever a general conflagration shall have taken place in any county, and in one or more municipalities thereof, such county shall be and is hereby ...
• New Jersey Municipalities And Counties Laws Section 40:5-2.2. Prerequisites to county's expending money to relieve losses from general conflagration
  No county shall raise or expend any moneys for the purpose aforesaid unless and until: (a) The borough, township, city, village or other municipality in ...
• New Jersey Municipalities And Counties Laws Section 40:5-2.3. Boroughs, townships, cities, villages, etc., prerequisites to expending money to relieve loss from general conflagration
  No borough, township, city, village or other municipality shall expend any moneys for the purpose aforesaid unless and until: (a) The county in which such ...
• New Jersey Municipalities And Counties Laws Section 40:5-2.4. "General conflagration" defined
  The term "general conflagration" as used herein shall be construed, for the purposes hereof, to mean and include: any monetary damage to the ...

Last modified: October 22, 2006