New Jersey Statutes 40A:5-15. Deposit of funds paid to the local unit
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Terms Used In New Jersey Statutes 40A:5-15
- local unit: means any county, municipality, special district or any public body corporate and politic created or established under any law of this State by or on behalf of any one or more counties or municipalities, or any board, commission, department or agency of any of the foregoing having custody of funds, but shall not include a school district. See New Jersey Statutes 40A:5-2
All moneys, including moneys collected by taxation, received from any source by or on behalf of any local unit or any board or department thereof shall, within 48 hours after the receipt thereof, either
a. be paid to the officer charged with the custody of the general funds of the local unit, who shall deposit all such funds within 48 hours after the receipt thereof to the credit of the local unit in its designated legal depository, or
b. be deposited to the credit of the local unit in its designated legal depository.
L.1960, c. 169, s. 1, eff. Jan. 1, 1962.