New Jersey Statutes 40A:2-21. Minimum period of usefulness
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Terms Used In New Jersey Statutes 40A:2-21
- local unit: means a county or municipality. See New Jersey Statutes 40A:1-1
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.