40:37-235 - Bond issues; law applicable; deductions from debt statement - New Jersey Statutes

40:37-235.  Bond issues;  law applicable;  deductions from debt statement
    Appropriations for other than current expenses, including, however, all expenses of the board of park commissioners incurred prior to the establishment  of a park, may be provided for by the issuance of bonds or other obligations of  the county in pursuance of article 1 of chapter 1 of this title (s. 40:1-1 et  seq.).  The chief financial officer of the county may deduct such bonds or  other obligations, including the bonds or other obligations referred to in  section 40:37-236 of this title, from any annual or supplemental debt  statement, equal in amount to one per cent of the average assessed valuation of  the county for the three preceding years.