40:14B-24 - Appropriation of funds by local unit; construction, financing and operation of facilities by local unit - New Jersey Statutes

40:14B-24.  Appropriation of funds by local unit;  construction, financing and operation of facilities by local unit
    a.  Any local unit shall have power, in the discretion of its governing body, to appropriate moneys for the purposes of the municipal authority, and to  loan or donate such moneys to the municipal authority in such installments and  upon such terms as may be agreed upon between such local unit and the municipal  authority.

    b.  Subject to section 61 of this act (C. 40:14B-60), any local unit shall have the power to authorize as a general improvement or, in the case of a local  unit which is a municipality, as a local improvement the construction and  financing of any facilities for the collection, treatment and disposal of sewage or for the collection, recycling or disposal of solid waste within the district arising within a district, or any facilities for the distribution of water within a district.  Subject to the consent and approval of the municipal authority, such facilities may be operated by the local unit and the local unit  may fix rates and charges for the use thereof, in addition to the payment of  any special assessments levied by a municipality against lands and real estate  specially benefited by such improvements.  As provided in section 48 of this  act (C. 40:14B-48), such facilities may be acquired and operated by the  municipal authority as a part of the utility system, notwithstanding that  special assessments may be or may have been levied for such improvements by a municipality.

     L.1957, c. 183, p. 653, s. 24, eff. Aug. 22, 1957.  Amended by L.1970, c. 209, s. 3, eff. Sept. 30, 1970;  L.1977, c. 384, s. 11, eff. Feb. 10, 1978.