13:17-58.Ā  Deposit of funds in improvement assessment account
All assessments as collected shall be immediately placed in an account to beĀ  known asĀ  "improvement assessment account." Such moneys shall be used only toĀ  pay the cost of such improvements or indebtedness incurred for such improvements or interest or premium, if any thereon.

L.1968, c. 404, s. 57.
Ā