27:10-4 - Road taken over as state highway; municipality reimbursed; bonds retired - New Jersey Statutes

27:10-4.  Road taken over as state highway;  municipality reimbursed; bonds  retired
    When the commissioner shall have approved a contract made in accordance with  section 27:10-1 of this title and the payments thereunder, he shall within six  years after the date of his approval, if funds be on hand available therefor,  take over any highway constructed by any municipality under contract in  accordance with the terms of this chapter and pay to the municipality the  actual cost of the construction thereof, without interest. The sum so paid, or  such part thereof as may be necessary, shall be used for the purpose of  retiring any bonds or other obligations issued for the purpose of raising funds  for the construction of such road.

    No road constructed by a municipality hereunder shall be taken over and paid  for by the commissioner unless the state highway engineer shall certify to the  commissioner that the road has been constructed in all respects in accordance  with the plans and specifications approved by the commissioner.