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2019 New Jersey Revised Statutes
Title 40 - Municipalities and Counties
Section 40:37C-6 - Sale or lease of facilities; minimum amount of payments or rentals
Universal Citation: NJ Rev Stat § 40:37C-6 (2019)
40:37C-6. Sale or lease of facilities; minimum amount of payments or rentals
Any sale or lease of pollution control facilities entered into pursuant to the provisions of this act shall provide for payments or rentals adequate to pay the principal of and interest and premiums, if any, on bonds issued to finance such facilities as the same fall due and to create and maintain such reserves and accounts for depreciation, if any, as the authority shall determine to be necessary.
L.1973, c. 376, s. 6, eff. Jan. 9, 1974.
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