40A:4-43 - Capital budgets; definition - New-jersey Statutes

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Statutes > New-jersey > Title-40a > Section-40a-4 > 40a-4-43

40A:4-43. Capital budgets; definition
    The governing body may and shall, when directed by the local government board, prepare, approve and adopt a budget for the expenditure of public funds for capital purposes to give effect to general improvement programs.

    A capital budget shall be a plan for the expenditure of public funds for capital purposes, showing as income the revenues, special assessments, free surplus, and down payment appropriations to be applied to the cost of a capital project or projects, expenses of issuance of obligations, engineering supervision, contracts and any other related expenditures.

     L.1960, c. 169, s. 1, eff. Jan. 1, 1962.

State Codes and Statutes

Statutes > New-jersey > Title-40a > Section-40a-4 > 40a-4-43

40A:4-43. Capital budgets; definition
    The governing body may and shall, when directed by the local government board, prepare, approve and adopt a budget for the expenditure of public funds for capital purposes to give effect to general improvement programs.

    A capital budget shall be a plan for the expenditure of public funds for capital purposes, showing as income the revenues, special assessments, free surplus, and down payment appropriations to be applied to the cost of a capital project or projects, expenses of issuance of obligations, engineering supervision, contracts and any other related expenditures.

     L.1960, c. 169, s. 1, eff. Jan. 1, 1962.

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State Codes and Statutes

Statutes > New-jersey > Title-40a > Section-40a-4 > 40a-4-43

40A:4-43. Capital budgets; definition
    The governing body may and shall, when directed by the local government board, prepare, approve and adopt a budget for the expenditure of public funds for capital purposes to give effect to general improvement programs.

    A capital budget shall be a plan for the expenditure of public funds for capital purposes, showing as income the revenues, special assessments, free surplus, and down payment appropriations to be applied to the cost of a capital project or projects, expenses of issuance of obligations, engineering supervision, contracts and any other related expenditures.

     L.1960, c. 169, s. 1, eff. Jan. 1, 1962.