Deposit of funds in improvement assessment account
13:17-58. Deposit of funds in improvement assessment account
All assessments as collected shall be immediately placed in an account to be known as "improvement assessment account." Such moneys shall be used only to 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.
This is the verbatim text of N.J.S.A. 13:17-58, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. KyzerLex is not a law firm and this page is not legal advice.