Minimum period of usefulness

  1. Law
  2. New Jersey Revised Statutes
  3. Municipalities and Counties
  4. Minimum period of usefulness

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40A:2-21. Minimum period of usefulness

No local unit shall authorize obligations for any improvement or purpose having a period of usefulness of less than 5 years.

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


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