40:61-22.5 - Use of proceeds of sale or lease
40:61-22.5.Ā Use of proceeds of sale or lease
The proceeds of the sale or leasing of any property under this act shall beĀ used for the retiring of any bonds issued for the purchase or improvement ofĀ such property or to reduce taxes.
L.1938, c. 87, p. 206, s. 4, eff. April 4, 1938.
Ā
The proceeds of the sale or leasing of any property under this act shall beĀ used for the retiring of any bonds issued for the purchase or improvement ofĀ such property or to reduce taxes.
L.1938, c. 87, p. 206, s. 4, eff. April 4, 1938.
Ā
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