27:19-37.1 - Surplus capital funds; determination; disposition - New Jersey Statutes

27:19-37.1.  Surplus capital funds;  determination;  disposition
    Whenever any county bridge commission, created pursuant to article 2 of chapter 19 of Title 27 of the Revised Statutes or any supplement thereto has or  shall have paid the principal and interest on all its outstanding indebtedness  and has or shall have on hand capital funds, derived from sources other than  toll revenues in excess of the amount determined by such commission to be  required for maintenance, repair, operation, reconstruction, replacement and  modernization and improvement of the bridge or bridges under its control, and  the approaches thereto, together with all other necessary expenditures of said  commission, the commission may, by resolution, determine that such capital  funds are surplus and provide for the payment of all or any part thereof to the  county treasurer of the county for the use of the county.

     L.1963, c. 3, s. 1.