27:19-37.1 - Surplus capital funds;Ā determination;Ā disposition
27:19-37.1.Ā Surplus capital funds;Ā determination;Ā disposition
Whenever any county bridge commission, created pursuant to article 2 of chapter 19 of Title 27 of the Revised Statutes or any supplement thereto has orĀ shall have paid the principal and interest on all its outstanding indebtednessĀ and has or shall have on hand capital funds, derived from sources other thanĀ toll revenues in excess of the amount determined by such commission to beĀ required for maintenance, repair, operation, reconstruction, replacement andĀ modernization and improvement of the bridge or bridges under its control, andĀ the approaches thereto, together with all other necessary expenditures of saidĀ commission, the commission may, by resolution, determine that such capitalĀ funds are surplus and provide for the payment of all or any part thereof to theĀ county treasurer of the county for the use of the county.
L.1963, c. 3, s. 1.
Ā
Whenever any county bridge commission, created pursuant to article 2 of chapter 19 of Title 27 of the Revised Statutes or any supplement thereto has orĀ shall have paid the principal and interest on all its outstanding indebtednessĀ and has or shall have on hand capital funds, derived from sources other thanĀ toll revenues in excess of the amount determined by such commission to beĀ required for maintenance, repair, operation, reconstruction, replacement andĀ modernization and improvement of the bridge or bridges under its control, andĀ the approaches thereto, together with all other necessary expenditures of saidĀ commission, the commission may, by resolution, determine that such capitalĀ funds are surplus and provide for the payment of all or any part thereof to theĀ county treasurer of the county for the use of the county.
L.1963, c. 3, s. 1.
Ā