New Jersey Statutes - Title 40A Municipalities and Counties - 40A:4-35.1 Transfer of surplus revenue
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New Jersey Laws > Municipalities and Counties > New Jersey Statutes - Title 40A Municipalities and Counties - 40A:4-35.1 Transfer of surplus revenue
40A:4-35.1. Transfer of surplus revenue
To the extent there is available surplus revenue collected by a municipality pursuant to chapter 62 of Title 40 of the Revised Statutes for supplying a utility service which is regulated by the Board of Public Utilities pursuant to subsection d. of N.J.S.40A:31-23, an amount not to exceed 5% of the annual costs of operation of the utility may be transferred annually from the accounts of the municipal utility and included in the local budget pursuant to N.J.S.40A:4-35.
L.1983,c.111,s.5; amended 1989,c.109,s.2.
Sections: 4-29 4-30 4-31 4-32 4-33 4-34 4-35 4-35.1 4-36 4-37 4-38 4-39 4-40 4-40.1 4-40.2
Last modified: February 14, 2012
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