40:56-13 - Appropriations for local improvements; amount; bonds and notes; fund - New Jersey Statutes

40:56-13.  Appropriations for local improvements;  amount;  bonds and notes;   fund
    The governing body may from time to time fix and designate the amounts of money to be expended by the municipality for local improvements.  Any amount so  appropriated may be raised by the issue of bond anticipation notes or permanent  bonds.  Any municipality may also create a capital fund for the carrying on of  local improvements and such capital fund may be raised in any annual tax budget  or by the sale of bonds.  In making the appropriation the governing body may  designate the particular local improvement to which said money so appropriated  is to be applied, and in such designation may include one or more of the works  set out in this article if the same are so connected as to be part of one  general scheme.