27:15-1.9 - Approval of disbursements; application; disbursement during work - New Jersey Statutes

27:15-1.9.  Approval of disbursements;  application;  disbursement during work    Disbursement of all or any part of the amount of State aid made available to  any municipality pursuant to the provisions of section 27:15-1 of the Revised  Statutes and required in the construction or reconstruction of municipal roads  in such municipality shall be made on approval by the State Highway  Commissioner of the application of such municipality therefor directed to him.   The application shall be made on such form as the State Highway Commissioner  shall prescribe, and shall include a statement setting forth the work performed  and the detailed cost thereof.  Disbursement may be made, under such  regulations as the State Highway Commissioner shall prescribe, during the  progress of such work, final payment to be made upon completion thereof, but  such regulations shall not require the withholding of a larger percentage from  the contractor pending and upon completion of the contract than is authorized  in the case of State contracts pursuant to section 27:7-34 of the Revised  Statutes.

     L.1947, c. 62, p. 207, s. 10.  Amended by L.1958, c. 7, p. 28, s. 3.