There is a newer version
of
this Section
2019 New Jersey Revised Statutes
Title 40 - Municipalities and Counties
Section 40:54-19.5 - Income from investments
Universal Citation: NJ Rev Stat § 40:54-19.5 (2019)
40:54-19.5. Income from investments
All interest, income or profit which may be realized by the board of trustees from the investment, pursuant to this or any other act, of any such funds shall be added to the principal of such funds and be used for the same purpose or purposes for or toward which the principal gift or bequest was made until the purpose or purposes for or toward which such gift or bequest was made shall have been accomplished.
L.1942, c. 139, p. 431, s. 5.
Disclaimer: These codes may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
